Haselkorn & Thibaut has opened an investigation into financial advisor Sanjay Mathur (CRD# 1144243) of RBC Capital Markets, LLC in Irvine, California. With a brokerage and investment advisory career spanning over four decades, Mr. Mathur’s record features a series of customer complaints and employment issues that investors should know. If you have concerns about investments made through Sanjay Mathur or the handling of your account, understanding the landscape of his professional history is essential—and you are not alone in seeking answers. Haselkorn & Thibaut, a nationwide securities law firm with over 50 years of experience and a 98% success rate, is actively reviewing cases involving Mr. Mathur and available to provide investors with a free, confidential consultation. Call 1-888-885-7162 today.
Who Is Sanjay Mathur of RBC Capital Markets in Irvine, CA?
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Sanjay Mathur holds 42 years of experience in the financial services industry, currently registered as both a broker and investment advisor at RBC Capital Markets, LLC in Irvine, California. Throughout his career, he has worked with some of the most prominent brokerage firms, serving clients nationwide and holding licenses in 19 states. Mathur’s lengthy career is marked by upward moves within major national broker-dealers—including Lehman Brothers, Morgan Stanley, PaineWebber, and Wells Fargo.
However, while deep experience can be an asset, it can also bring with it a long and detailed regulatory and client history. For Mr. Mathur, this includes seven disclosures, covering customer complaints, claim settlements, and an employment separation after allegations.
Employment Background at Major Broker-Dealers
| Firm Name | Location | Tenure | Role |
|---|---|---|---|
| RBC Capital Markets, LLC | Irvine, CA | 2024–Present | Broker & Investment Advisor |
| Wells Fargo Clearing Services, LLC | CA | 2012–2024 | Broker & Investment Advisor |
| Morgan Stanley/Morgan Stanley DW Inc. | – | 1997–2012 | Broker & Investment Advisor |
| Prudential Securities | – | 1994–1997 | Broker |
| PaineWebber Incorporated | – | 1990–1994 | Broker |
| Lehman Brothers Inc. | – | 1983–1990 | Broker |
Sanjay Mathur’s Disclosure & Complaint History: What Investors Should Know
Disclosures are formal reports of customer complaints, regulatory findings, settlements, or separations after allegations. As of January 2026, Sanjay Mathur has seven reportable disclosures, including five customer disputes, one employment separation after allegations, and multiple settlements. The themes found in these cases help current and future investors spot several risk factors.
Here’s a comprehensive summary of the complaints and issues reported on Sanjay Mathur’s record:
| Date | Type | Allegation Summary | Status/Resolution | Settlement Amount |
|---|---|---|---|---|
| Nov 6, 2024 | Customer Dispute | Recommended high-risk foreign security inappropriate for client’s age/retirement (2015–2024) | Pending | — |
| Sep 9, 2019 | Customer Dispute | No meaningful suitability inquiry and lack of disclosure of personal stake (2015–2019) | Denied | — |
| Aug 3, 2017 | Customer Dispute | Securities Portfolio too volatile, lost money, fees exceeded returns | Withdrawn Client later retracted complaint |
— |
| Sep 29, 2016 | Customer Dispute | Made unsuitable investment recommendations (accounts opened ~2012) | Settled | $30,000.00 |
| Nov 11, 2015 | Customer Dispute | Alleged excessive trading and fees (2012–2015) | Settled | $45,000.00 |
| Apr 27, 2012 | Employment Separation | Resigned after allegations of exercising time and price discretion without written authorization | Voluntary Resignation | — |
| Dec 5, 2008 | Customer Dispute | Allegedly unauthorized purchases of Fannie Mae and Citigroup stock | Settled | $3,159.76 |
Total Known Settlement Amounts: $78,159.76 (all paid by firms, not advisor directly)
Notable Red Flags and Risk Factors
- Suitability Allegations: Multiple complaints allege recommendations of high-risk or otherwise unsuitable investments given investor age, risk tolerance, or retirement goals.
- Unauthorized or Discretionary Trading: The employment separation in 2012 stemmed from alleged trading without proper written authorization—a serious compliance concern for investors.
- Excessive Trading and Fees: At least one part of the client history cited excessive trading (“churning”) and high fees, resulting in firm settlements.
- Conflict of Interest Allegations: A client’s attorney alleged that Mathur did not disclose his own financial interest when recommending certain investments.
Sanjay Mathur’s Response and Firm’s Role
In his responses, and those of his firms, Mathur maintains that he acted properly, that settlements were not admissions of wrongdoing, and that some client concerns were retracted. However, as is common in the industry, the firms involved settled significant complaints—sometimes purely for business efficiency—even if the advisor was not required to contribute personally. This does not change the fact that these incidents occurred or that they triggered monetary settlements.
What Should Investors Do?
- Ask Directly: Openly discuss concerns or disclosure matters with your current or potential advisor.
- Monitor Account Statements: Regularly review statements to ensure all activity is understood and authorized.
- Document Authorization: Ensure all discretionary trading authority is clearly given in writing—and kept up to date.
- Demand Suitability: Insist on clear, written explanations of how any recommendation fits your goals, risk tolerance, and time horizon.
- Check Financial Advisor Interests: Ask for full disclosure of any personal stake your advisor may have in investments they recommend.
Free Consultation: Talk to Haselkorn & Thibaut Today
If you have concerns about your accounts with Sanjay Mathur at RBC Capital Markets in Irvine, CA, or if you are facing losses related to high-risk or unsuitable investments, your next step is simple: Call Haselkorn & Thibaut at 1-888-885-7162 or
