Former RBS Securities Broker Under Investigation

Posted on April 2nd, 2015 at 4:01 PM

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.

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Tags: FINRA, RBS, James Eccleston, Eccleston Law

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