Nearly two years after a broker was arrested for allegedly beating a woman and holding her against her will in his home in Parkland, Florida, the Financial Industry Regulatory Authority has barred him for failing to turn over documents related to a client complaint.
Scott Jay Matalon, who was affiliated with RBC Capital Markets at the time, was arrested on July 5, 2021. RBC placed him on administrative leave and fired him two weeks later, after conducting an investigation, a spokesperson told ThinkAdvisor.
FINRA barred Matalon from associating with any FINRA member firm in any capacity after he did not turn over documents concerning a statement of claim filed by one of his clients against Ameriprise, where he was registered as a broker from 2013 to 2019, according to FINRA's BrokerCheck website.
Without admitting or denying the regulator's findings, Matalon signed a FINRA letter of acceptance, waver and consent on May 24. Matthew M. Ryan, principal counsel for the FINRA Department of Enforcement, signed the letter on Tuesday, agreeing to the settlement.
Matalon was registered as an advisor and broker for RBC since 2019, according to his report on FINRA's BrokerCheck website.
Ameriprise and Jeremy J. Kroll, a partner at law firm Dutko & Kroll who has been representing Matalon for the criminal case, didn't immediately respond to requests for comment on Friday. Gregory Tendrich, a lawyer who represented Matalon during the settlement with FINRA, declined to comment.
"Scott Matalon was terminated by RBC in July 2021 for violating the firm's Code of Conduct," an RBC spokesperson told ThinkAdvisor by email. "RBC has no further involvement with Mr. Matalon."
'Bodily Harm'
Matalon was arrested on July 5, 2021 and charged with kidnapping/inflicting bodily harm, false imprisonment, domestic battery by strangulation and battery, according to Broward County, Florida court documents.
