National investment loss lawyers KlaymanToskes reports broker/investment advisor Richard Matheis (CRD# 869179) has been permanently barred from acting as a broker or associating with a broker-dealer firm by the Financial Industry Regulatory Authority (“FINRA”). FINRA’s decision comes after Matheis refused to appear for on-the-record testimony as part of its investigation into whether Matheis engaged in sales practice violations.
According to FINRA BrokerCheck, John Richard Matheis a/k/a Ric Matheis was previously registered with Union Capital Company from 2018 to 2021 in Overland Park, KS. Matheis is currently registered as an investment advisor with Lexaurum Advisors in Overland Park, KS.
Investors that suffered losses with Richard Matheis may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your recovery options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
FINRA’s Department of Enforcement entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) with J. Richard Matheis, disclosing that he consented to sanctions of a permanent bar from associating with any FINRA member in all capacities.
According to the AWC, the matter originated from a FINRA cause investigation. FINRA was investigating whether Matheis engaged in any sales practice violations, and sent Matheis a request for on-the-record testimony pursuant to FINRA Rule 8210 on July 31, 2023. Matheis acknowledged that he received FINRA’s request and will not be appearing for on-the-record testimony at any time.
Under FINRA Rule 8210, all brokerage firms and registered financial professionals are required to provide information, documents, and testimony upon regulators’ requests. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires brokerage firms and their registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.”
By refusing to produce the information or documents as requested pursuant to FINRA Rule 8210, Richard Matheis violated FINRA Rules 8210 and 2010.
If you suffered losses with Richard Matheis at Union Capital Company or Lexaurum Advisors, contact our firm immediately to discuss recovery options at 888-997-9956 or on the web at www.klaymantoskes.com.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com