Haselkorn & Thibaut is actively investigating investment losses and concerns involving Matthew Ian Zagon (CRD 2165362), a financial advisor based in Syosset, NY, and currently associated with Cova Capital Partners LLC. If you are an investor who worked with Matthew Zagon or Cova Capital Partners LLC, understanding his regulatory history—and recognizing potential red flags—can be critical to protecting your interests and financial well-being.
Who Is Matthew Ian Zagon?
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Matthew Ian Zagon has been a registered broker and investment advisor for over three decades, with his most recent affiliation being at Cova Capital Partners LLC (6851 Jericho Tpke, Suite 205, Syosset, NY 11791). He has been with this firm since July 11, 2016, holding multiple securities licenses (including Series 7 and 63) and is authorized to operate in several states such as New York, California, Texas, Florida, Massachusetts, Pennsylvania, and Puerto Rico.
Employment History
| Firm | Location | Dates of Affiliation |
|---|---|---|
| Cova Capital Partners LLC | Syosset, NY | 07/2016 – Present |
| GKN Securities Corp. | New York, NY | 01/1994 – 02/1998 |
| First Asset Management, Inc. | Garden City, NY | 02/1998 – 09/1998 |
| Joseph Dillon & Company Inc. | Great Neck, NY | 11/1998 – 12/1999, 01/2000 – 11/2000 |
| Investec Ernst & Company | New York, NY | 08/2000 – 09/2001 |
| KSH Investment Group, Inc. | Great Neck, NY | 09/2001 – 03/2003 |
| Sands Brothers & Co., Ltd. | New York, NY | 05/2003 – 11/2003 |
| Sands Brothers International Ltd. | London, UK | 04/2003 – 11/2003 |
| Early Brief Registrations | Lehman Brothers, Bear Stearns, Prudential, Hanover Sterling | 1992 – 1993 |
Regulatory Disclosures and Complaints
Regulatory databases, including FINRA BrokerCheck, indicate that Matthew Zagon’s registration is currently active as an Investment Adviser Representative at Cova Capital Partners LLC. Importantly, there are some disclosures of note:
- Pending Customer Dispute (August 2025): A written customer complaint—filed through counsel—alleges that Mr. Zagon misrepresented the future performance of a private placement in “KI Health.” The claim specifically accuses him of stating that the value would rise from $0.12 to $5 by September. This pending dispute seeks $80,000 in damages. Mr. Zagon has formally denied the allegations of making performance promises or misrepresentations.
- Prior Customer Complaint (1998): This complaint alleged unauthorized trading and misrepresentation during Mr. Zagon’s tenure at First Asset Management, with claimed damages of $51,800. The matter was denied and closed, with no reported settlement and no action taken.
- Criminal Disclosure (1997): Mr. Zagon was charged with “making of false written statement,” a misdemeanor, which was ultimately dismissed in May 1999.
Are There Red Flags for Investors?
When evaluating an advisor, it’s crucial to review any customer complaints, regulatory inquiries, or patterns in career movements. Here are some potential red flags that may concern investors:
- Customer Disputes: Even a single pending complaint—especially one involving allegations of misrepresentation or performance guarantees—can signal issues worth further scrutiny.
- Unsuitability Allegations: Recommendations that do not match a client’s risk tolerance or objectives can violate regulatory standards, including FINRA Rule 2111 and the SEC’s Regulation Best Interest.
- Misrepresentation/Fraud Allegations: Promises regarding the future value of investments, if misleading, could breach FINRA Rules 2020 and 2010, which govern ethical conduct and prohibit deceptive practices.
- Prior Allegations (Even if Denied): A pattern or recurrence of complaints, regardless of their outcome, is worth a closer look.
- Criminal Disclosures: Although the 1997 misdemeanor charge against Mr. Zagon was dismissed, investors may benefit from knowing about any such disclosures in a professional’s background.
How to Check Your Own Investments
If you’ve invested in products suggested by Matthew Ian Zagon or if you were a client at Cova Capital Partners LLC, consider following these steps:
- Review your account statements for any unauthorized transactions.
- Look for investments, such as private placements, that may carry higher risks or were not fully explained to you.
- Consult your financial plan and ensure that all recommendations align with your objectives and risk tolerance.
- Be proactive—if you suspect irregularities or have suffered losses, it’s wise to reach out for help.
Summary Table: Disclosures & Complaints Against Matthew Zagon
| Date | Nature of Complaint | Status / Outcome | Firm Involved | Claimed Damages |
|---|---|---|---|---|
| 08/2025 | Alleged misrepresentation of private placement in “KI Health” | Pending, denied by advisor | Cova Capital Partners LLC | $80,000 |
| 1998 | Unauthorized trading and misrepresentation | Denied, closed, no settlement | First Asset Management, Inc. | $51,800 |
| 1997 | Misdemeanor – false written statement | Dismissed (1999) | N/A | N/A |
Your Next Steps—Get Help from a Securities Fraud Lawyer
If you believe you’ve experienced investment losses or have concerns about the handling of your portfolio by Matthew Ian Zagon or at Cova Capital Partners LLC, you do not need to navigate this process alone. Haselkorn & Thibaut is a national investment fraud law firm with 50+ years of experience, a 98% success rate, and millions recovered for clients. Most importantly, there are no fees unless they recover your losses.
Time limits apply to filing FINRA arbitration claims, so prompt action may be critical to protecting your rights. Haselkorn & Thibaut is offering a free, confidential case evaluation to investors nationwide. The call is free, and there’s no obligation—their priority is to help you understand your options and determine the best course forward.
Call 1-888-994-8066 now to speak with an experienced attorney at Haselkorn & Thibaut and get your case reviewed today.
Your financial security deserves experienced advocacy—reach out if you have questions or suspect you’ve been wronged as an investor. Check your advisor’s full regulatory profile via FINRA BrokerCheck for the most current status. Stay proactive and put your interests first.
