Advisor Alert: Our Attorneys Are Investigating Matthew Jason Childs For Investment Fraud
Did You Lose Money Because of Matthew Childs?
Filed: March 12, 2024
Matthew Childs currently has one (1) pending customer complaint and one (1) pending financial event. Overall, he has been the subject of four (4) customer complaints and one (1) financial event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Matthew Jason Childs.
Who Is Matthew Jason Childs of Portsmouth Financial Services?
- Advisor Name: Matthew Jason Childs
- Aliases: Matthew Childs
- CRD: 3110916
- Location: San Francisco, California
- Current Employer: Portsmouth Financial Services
- Previous Firms: Select Planning Group, Inc. and Oppenheimer & Co. Inc.
- Number of Known Customer Complaints: 4
- Number of Known Financial Events: 1
- Can Matthew Childs Be Sued: Yes, in Private Arbitration
- Can Matthew Childs’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $468,458.02
- Highest Settlement: $200,000
If you have suffered investment losses by Matthew Childs, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Matthew Childs For Broker Misconduct
As of this publication date, Matthew Childs has been the subject of 4 customer disputes and 1 financial event. Let’s review them below.
In February 2023, a FINRA arbitration was filed against or in reference to Matthew Childs by a customer of Portsmouth Financial Services alleging that Mr. Childs improperly recommended high risk, high commission, illiquid alternative investment which was unsuitable for clients. The claim alleges that Mr. Childs failed to conduct reasonable due diligence and the investment was falsely represented as a safe investment that would produce a generous return. As of this publication date, this claim remains pending.
In September 2015, Matthew Childs filed for bankruptcy in the United States Bankruptcy Court.
In April 2015, a FINRA arbitration was filed against or in reference to Matthew Childs by a customer of Morgan Stanley alleging that from December 2012 to May 2014, Mr. Childs misrepresented the risk of municipal bonds which were unsuitable for the trust account. Per the customer, he/she lost over $468,458.02 because of Mr. Childs’s actions. On December 9, 2015, Mr. Childs settled the claim for $200,000, and some or all of this amount may have been paid by Mr. Childs’s employer and/or insurance carrier.
In March 2015, a complaint was filed against or in reference to Matthew Childs by a customer of Oppenheimer & Co. Inc. alleging that investment made during August 2014 was unsuitable for an estate account. Per the customer, he/she lost over $26,475 because of Mr. Childs’s actions.
In October 2012, a complaint was filed against or in reference to Matthew Childs by a customer of Morgan Stanley Smith Barney alleging that the purchase of a foreign bond in their account was misrepresented as maturing at par value – August 2011 to August 2012. On October 2, 2012, Mr. Childs settled the claim for $33,123.48, and some or all of this amount may have been paid by Mr. Childs’s employer and/or insurance carrier.
How To File A Claim Against Matthew Childs of Portsmouth Financial Services (previously with Select Planning Group, Inc. and Oppenheimer & Co. Inc.) To Get Your Money Back
If you have questions about Matthew Childs, Portsmouth Financial Services, Select Planning Group, Inc., Oppenheimer & Co. Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.