Sanjay Mathur Allegedly Sold Unsuitably Risky Investment
Sanjay Mathur (CRD# 1144243), a broker registered with RBC Capital Markets, recommended inappropriately risky investments, according to a denied investor dispute. MDF Law is investigating the Irvine, California-based financial professional for similar conduct. Current or former clients with concerns about their accounts should contact us for a free consultation.
Continue reading this post to learn more about Mr. Mathur’s history as a broker. The information below is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority record examined on February 12, 2025.
Firm Denied Disputes Involving Sanjay Mathur
On November 6, 2024, an investor filed a dispute alleging that Mr. Mathur “recommended investments in a high risk foreign security” in spite of the client’s age and retirement timeline. The claim sought unspecified damages and was denied by his former member firm.
Five years earlier, in 2019, another investor lodged a dispute involving Mr. Mathur. In this case, they also detailed allegations that he failed to conduct a suitability inquiry before making investment recommendations. They additionally alleged that he “did not disclose details of his own financial stake” in the recommended investment. This dispute also sought unspecified damages and was denied by his former member firm.
Past Disputes Alleges Excessive Trading, Unauthorized Purchases
The above-described denied claims are not the only investor allegations in Mr. Mathur’s past. Between 2008 and 2016, three parties of investors filed disputes that his member firms settled. These claims detailed allegations of unsuitable investment recommendations, excessive trading, and unauthorized purchases. His former member firms settled the allegations for $78,159.76.
Mr. Mathur issued a statement defending himself against one of the settled the disputes. The claim in question, filed in 2016, alleged unsuitable investments in a unit investment trust. As the “Broker Statement” on his BrokerCheck profile reflects, Mr. Mathur asserted that in his belief, the claim had no merit. “I personally handled the customer’s accounts in a careful and prudential manner according to her specific wishes,” he wrote additionally, “and all trades were made with the customer’s knowledge and acceptance of the potential risks.”
What Is RBC Capital Markets?
As his BrokerCheck profile reflects, Mr. Mathur is a registered representative of RBC Capital Markets. That firm’s website features a section describing what clients can expect from it. “RBC Wealth Management is committed to earning clients’ trust by building lasting relationships and confidence, putting your interests first,” this section reads. “The experience is as much about helping you fulfill your sense of purpose through your wealth as it is about achieving your financial objectives.”
FINRA: Broker Based in Irvine, California
Mr. Mathur launched his career as a broker when he joined First Investors Corporation in 1983. He went on to work at a variety of firms over the years, including Morgan Stanley and Wells Fargo Clearing Services. After leaving Wells Fargo in March 2024, after a 12-year tenure at the firm, he joined RBC Capital Markets. He remains there today, based at the firm’s office in Irvine, California. Boasting 41 years of experience as a broker, he has completed five industry exams, including the Series 7 and the Series 63.
MDF Law Offers Free Consultations
Did you lose money you couldn’t afford to lose on unsuitable, misrepresented, or otherwise risky investments recommended by Sanjay Mathur? MDF Law may be able to help you recover damages. Call our experienced investment fraud attorneys at 800-767-8040 for a free consultation about your potential options. You may have a limited time to lodge a FINRA arbitration claim, so don’t delay: call MDF Law today.