PATRICK LEE MATTHEWS is currently employed as a Broker and/or Investment Adviser at NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC located at 2591 DALLAS PARKWAY, STE 401, FRISCO, TX, 75034.
PATRICK LEE MATTHEWS has worked at NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC since October 25, 2002
PATRICK LEE MATTHEWS has 2 Disclosure Event(s).
Date: April 24, 2018 Category: Customer Dispute Allegations: Customer's allegations include allegations that the Representative, in the servicing of the customer's existing fixed and variable life insurance policies, failed to disclose material facts about the policies and provided false information. Damage Amount Requested: $1,000,000.00 Broker Comment: The representative did not sell the policies at issue in the lawsuit to the customer, has not sold any policies to the customer, and personally met with the customer only once almost 10 years after the sale of the most recent policy. While the representative was not named or identified in any way in the customer's December 28, 2017 complaint to the firm, based on its review, the firm found no merit to the complaint allegations, which the customer again alleges in the lawsuit now naming the representative as a defendant. The representative denies the allegations in the lawsuit.
Date: October 19, 2016 Category: Customer Dispute Allegations: The client alleged the Registered Representative's decision to allocate all of her retirement funds into a variable annuity was not a good option for a single mother. Damage Amount Requested: $140,000.00 Broker Comment: Pursuant to the Firm's thorough review and analysis of the client's allegations, it was determined the annuity was not misrepresented or unsuitable at the time of purchase. No wrongdoing was found on behalf of the Registered Representative.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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