Last Updated: November 2024 (Tulsa, Oklahoma)
National securities fraud lawyers at Patil Law P.C. are investigating broker Matthew Mitchell (CRD #4908737), a financial advisor at BOK Financial Securities, who faces both a pending customer dispute and a recently settled complaint related to unsuitable investment recommendations in real estate securities and other alternative investments.
Matthew Franklin Mitchell (CRD #4908737) is a current financial advisor with BOK Financial Securities in Tulsa, Oklahoma, who has faced multiple customer disputes regarding unsuitable investment recommendations that resulted in significant losses. Below, we provide further details about his professional history, negative disclosures, and customer complaints, which investors should consider before working with him.
Critical Insights About Tulsa, OK Stockbroker Matthew Mitchell
- Advisor Name: Matthew Franklin Mitchell
- CRD: 4908737
- Location: Tulsa, OK
- Current Employer: BOK Financial Securities, Inc.
- Classification: Stockbroker + Financial Advisor
- Primary Location: Tulsa, OK
- Can Matthew Mitchell be sued in private FINRA arbitration: Yes
- Has Mr. Mitchell been sanctioned by FINRA: No
- Customer Disputes: Two complaints with total alleged damages exceeding $360,000
If you have suffered investment losses in an account handled by Mr. Mitchell or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Lost Money With Stockbroker Matthew Mitchell?
Recent complaints against Matthew Mitchell include two significant disputes:
A customer filed a complaint in September 2024 alleging displeasure with product liquidity and claiming they were not properly informed about investment risks during the sales process between June 2016 and March 2017. The customer is seeking $300,000 in damages related to real estate security investments.
In November 2023, another customer alleged unsuitable recommendations related to the purchase and subsequent holding of non-traded REITs in May 2016. This case was settled for $37,500 in November 2023.
Allegations Of Broker Misconduct Against Matthew Mitchell
Customers of Matthew Mitchell have alleged the following misconduct in connection with their accounts:
- Unsuitable Investment Recommendations: Multiple customers have claimed that Mr. Mitchell recommended inappropriate investments, particularly non-traded REITs and real estate securities, that were unsuitable for their investment objectives and risk tolerance.
- Failure to Disclose Risks: Allegations include inadequate disclosure of investment risks and liquidity limitations during the sales process, potentially violating FINRA’s requirements for full and fair disclosure.
These actions may violate FINRA Rule 2111, which requires brokers to ensure that their recommendations are suitable for the customer based on their financial situation and needs. The rule mandates that brokers understand both their clients’ investment profiles and the products they recommend.
Broker Experience Summary
Matthew Mitchell has worked in the financial services industry since 2005, building his career at several prominent firms:
- BOK Financial Securities, Inc. (2012-present)
- Spire Securities, LLC (2010-2012)
- Morgan Stanley Smith Barney (2009-2010)
- Citigroup Global Markets Inc. (2007-2009)
- Morgan Stanley & Co. (2005-2007)
Mr. Mitchell currently holds multiple state licenses and has passed several industry examinations, including the Securities Industry Essentials Examination and the General Securities Representative Examination.
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have suffered investment losses in an account handled by Matthew Mitchell or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Our cases are handled on a contingency basis. We don’t get paid unless we win for you.
