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Broker Misconduct Investigation: Sanjay Mathur (Wells Fargo/RBC Capital)

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Updated on: March 14, 2025

National investment loss lawyers KlaymanToskes is investigating broker Sanjay Mathur of RBC Capital Markets, and formerly of Wells Fargo Clearing Services (CRD# 1144243).

According to FINRA BrokerCheck, broker Sanjay Mathur of RBC Capital Markets, and formerly of Wells Fargo Clearing Services has been involved in a number of customer complaints alleging unsuitable investment recommendations. Although these disputes were denied, it is important to know that brokerage firms can deny disputes without an outside review. Investors may still pursue a FINRA arbitration claim to recover their investment losses by contacting KlaymanToskes

Investors that suffered losses with broker Sanjay Mathur are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Ex-Wells Fargo Broker Sanjay Mathur Hit With Customer Complaints

Financial advisor Sanjay Mathur, formerly of Wells Fargo Clearing Services, and currently associated with RBC Capital Markets, has reportedly been involved in several customer complaints filed with the Financial Industry Regulatory Authority (“FINRA”). A complaint filed in November 2024 alleged that the investor was recommended to invest in a high risk foreign security, despite the client’s age and retirement timeline. A complaint filed in 2019 alleged that the financial advisor did not perform any meaningful suitability inquiry prior to recommendations to purchase a security, and that the financial advisor did not disclose details of his own financial stake in the company. These complaints were denied by the brokerage firm, however, investors should know that firms can deny disputes without an outside review. According to FINRA BrokerCheck, Mathur is currently registered as a broker and investment advisor with RBC Capital Markets in Irvine, CA. Mathur was previously employed with Wells Fargo Clearing Services from April 2012 to March 2024 in Newport Beach, CA.

Investment Losses with Broker Sanjay Mathur?

Investment Losses with Broker Sanjay Mathur?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Sanjay Mathur, or have concerns regarding your investment portfolio at Wells Fargo Clearing Services, RBC Capital Markets, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.