Former RBS Securities Broker Under Investigation

Posted on April 2nd, 2015 at 4:01 PM
Former RBS Securities Broker Under Investigation

From the Desk of Jim Eccleston at Eccleston Law LLC:

A former RBS Securities broker is under investigation by FINRA for investment fraud.

According to FINRA, Matthew C. Katke traded fixed income investment securities, such as residential mortgage-backed securities (RMBS) and collateralized loan obligations (CLOs) at the expense of customers. He also allegedly made misrepresentations to convince customers to pay inflated prices and selling customers to accept deflated ones. At least 20 clients allegedly were victims in his scheme. Before being registered with RBS, Katke was with Bear, Stearns & Co., Inc. in New York, New York. He currently is registered with Nomura Securities International, Inc., also in New York, New York. 

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: FINRA, RBS, James Eccleston, Eccleston Law

Return to Archive

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.