Briggs Matsko is the Subject of a Suitability Dispute

Briggs Matsko (CRD #: 833141), a broker registered with Osaic FA, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On August 30, 2024, an investor alleged that Briggs Matsko recommended an unsuitable oil and gas program. The investor is seeking $50,000. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Briggs Matsko has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 22TO Direct Participation Programs Representative Examination 
• Series 6TO Investment Company/Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 2 Non-Member General Securities Examination 

He is a registered broker in seven states and is a registered investment adviser in California. 

Kurta Law Can Help 

If you worked with Briggs Matsko and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.