Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an active investigation into Matt Westberry, a financial advisor based in Marion, Iowa (CRD# 4908745). Our attorneys are examining recent investor complaints and regulatory disclosures related to his recommendation of unsuitable investments, as well as the circumstances surrounding his employment history at SCF Securities and Cambridge Investment Research.
If you or someone you know suffered investment losses while represented by Matt Westberry—particularly during his time with SCF Securities or Cambridge Investment Research—contact us today at 1-888-885-7162 for a free and confidential consultation. We will review your portfolio, determine the nature of any losses, and outline your possible recovery options. With 95+ years of combined securities law experience, a 98% success rate, and an unwavering commitment to investor protection, our attorneys utilize their former Wall Street defense experience to fight for your rights—and you owe nothing unless we recover your funds.
Summary of Matt Westberry’s Background and Credentials
Table of Contents
| Field | Details |
|---|---|
| Name | Matt Westberry |
| CRD# | 4908745 |
| Location | Marion, Iowa |
| Current Firm | Secure Asset Management (Investment Advisor; since July 2025) |
| Former Firms | SCF Securities, SCF Investment Advisors, Cambridge Investment Research, LPL Financial, National Planning Corporation |
| Licenses | SIE, Series 6, Series 7, Series 63, Series 65 (Iowa state licensed) |
Red Flags in Matt Westberry’s Record
- Multiple client complaints—alleging unsuitable investment recommendations—have recently been filed against Matt Westberry. These claims center on the sale of speculative, high-commission, and illiquid investment products.
- There is a disclosure regarding Matt Westberry’s termination from SCF Securities in 2024. According to public records, he was terminated after the U.S. Department of the Treasury charged him with filing a false lien release.
- Westberry remains under ongoing scrutiny for his recommendations and business practices—especially those conducted while affiliated with SCF Securities and Cambridge Investment Research.
Detailed Timeline & List of Investor Complaints Against Matt Westberry
- April 2026: A pending investor complaint alleges that, while at Cambridge Investment Research, Matt Westberry recommended unsuitable real estate investments. The claim does not specify damages, but references the unsuitability and riskiness of the investments at issue.
- 2024: A client filed a complaint stating that Westberry—during his Cambridge Investment Research tenure—recommended a speculative, illiquid, high-commission product deemed unsuitable for the client’s profile. According to the complaint, this advice exposed the client to unnecessary risk. The dispute was settled for $6,750.
Understanding Suitability Obligations: FINRA Rule 2111
The Financial Industry Regulatory Authority (FINRA) Rule 2111 requires brokers like Matt Westberry to recommend only those securities and strategies that are suitable for a customer’s unique investment profile. This profile consists of:
- Age
- Other investments
- Annual income, net worth, and liquidity needs
- Tax status and investment objective
- Investment experience and time horizon
- Risk tolerance and specific restrictions or objectives
A broker must conduct reasonable diligence to determine whether an investment is not just suitable in general, but specifically appropriate for the individual client. When these suitability standards are ignored, investors are often exposed to unnecessary risk and potential losses.
Employment Separation and Disclosure of False Lien Release
- 2024 Termination from SCF Securities: Firm records state that Matt Westberry was terminated for cause following a U.S. Department of the Treasury charge related to filing a false lien release. While this is not a direct investment client complaint, such regulatory issues should give potential investors pause and warrant closer scrutiny of his business practices.
Additional Disclosure Review
As of May 20, 2026, there are no formal regulatory, criminal, or SEC actions relating to Matt Westberry individually. There have been no investment-related civil lawsuits or further arbitrations beyond those detailed above. His former firm, Cambridge Investment Research, has disclosures at the firm level but none directly involving him.
Investors can independently review background information on FINRA’s BrokerCheck.
Why Investors Should Take Action
- Unsuitable investment recommendations can cause devastating financial losses. Even a settled complaint may be a potential red flag of misconduct or unsuitable advice.
- The history of regulatory scrutiny and employment termination for integrity-related reasons underlines the need for investor vigilance.
- Our attorneys understand how unsuitable advice damages portfolios. As former Wall Street defense lawyers, we use our insider knowledge to recover investor funds and hold advisors accountable.
How Our Firm Can Help With Recovery
We bring the resources and proven experience of a top-rated securities law team: 95+ years of combined securities law experience, 98% success rate across hundreds of investor claims, over $520 million in securities matters, Super Lawyers recognition, and 5.0-star client reviews.
- We represent clients Nationwide against SCF Securities, Cambridge Investment Research, and individual advisors like Matt Westberry.
- Your consultation is free and confidential. You do not pay us unless we recover your investment losses.
- Our No Recovery, No Fee policy means you have nothing to lose—only lost funds to reclaim.
If you entrusted assets to Matt Westberry (Marion, Iowa)—particularly during his time at SCF Securities or Cambridge Investment Research—and have concerns about your investment outcomes, contact our firm now at 1-888-885-7162 or fill out our website form for a comprehensive portfolio review. Recover your losses, protect your future, and utilize experienced advocacy built upon former defense insider knowledge.
