Haselkorn & Thibaut has opened an investigation into Matthew Winthrop (CRD #2445102), a financial advisor located in Melville, NY, currently registered with Aegis Capital Corp. (CRD #15007). If you are an investor who worked with Mr. Winthrop, this new development is particularly important to review. As a national securities fraud law firm with more than 50 years of experience, a 98% success rate, and millions recovered for investors, Haselkorn & Thibaut is currently offering a free, confidential case evaluation—no recovery, no fee. Contact 1-888-994-8066 for immediate assistance.
Who is Matthew Winthrop?
Matthew Winthrop is a veteran financial advisor, currently registered with Aegis Capital Corp. at their Melville, NY office, and associated with a branch in Easton, CT. He has had a long career in the financial services industry, registered since 1994. Over his career, Mr. Winthrop has been affiliated with multiple broker-dealers:
- Aegis Capital Corp. (2025–present; also 2017–2022)
- Equitable Advisors, LLC (2022–2025)
- RBC Capital Markets, LLC (2011–2017)
- Oppenheimer & Co. Inc. (2007–2011)
- H&R Block Financial Advisors, Inc. (2002–2007)
- UBS PaineWebber Inc. (1998–2002)
- Prudential Securities Inc. (1995–1998)
- Dean Witter Reynolds Inc. (1994–1995)
He holds significant industry licenses including the Series 7, SIE, Series 31, Series 24 (principal), Series 63, and Series 66.
Regulatory Background and Current Status
According to recent FINRA BrokerCheck and SEC public disclosures, Mr. Winthrop currently shows no open customer disputes, arbitrations, regulatory actions, or public enforcement investigations. There are no known bankruptcies, civil or criminal judgments, or adverse regulatory findings at this time.
However, former customer complaints and a notable employment termination present potential red flags for investors.
Summary Table: Matthew Winthrop’s Career & Complaint History
| Year | Firm | Allegation/Complaint | Status/Outcome |
|---|---|---|---|
| 2025 | Equitable Advisors | Discharged for excessive trading in client brokerage accounts | Terminated (Discharged) |
| 2015 | Oppenheimer & Co. Inc. | Mishandling IRA distribution, unauthorized trade | Settled for $50,000 |
| 2003 | UBS PaineWebber Inc. | Unauthorized and excessive trading; unsuitable investments; $86,000 damages alleged | Denied by Firm |
| 2002 | Prudential Securities Inc. | Misrepresentation of investment risks over 5 years; $50,000 alleged damages | Denied by Firm |
| 1999 | Prudential Securities Inc. | Purchase of stock without customer’s knowledge; $21,777 damages | Denied by Firm |
| 1998 | Prudential Securities Inc. | Excessive/speculative trading, poor allocation; $55,834 damages | Closed/No Action |
Key Issues and Risks for Investors
- Excessive Trading/Churning: Notably, Mr. Winthrop was discharged in 2025 by Equitable Advisors for excessive trading in client accounts—commonly referred to as “churning,” which can violate securities industry rules and erode investor capital due to frequent commissions and fees.
- Unauthorized Trading: Certain historic complaints allege trades made without customer authorization, a serious violation of FINRA rules when proven.
- Unsuitability: At least one case involved claims of unsuitable investment recommendations, meaning the advisor may have made recommendations inconsistent with the client’s stated objectives or risk tolerance.
- Complaint Outcomes: Only one complaint (2015, about an IRA mishandling) resulted in a $50,000 settlement. Other complaints were denied by prior firms or were not pursued by customers.
What Does This Mean for You as an Investor?
If you invested with Matthew Winthrop and experienced unexplained losses, frequent trading activity, or transactions you did not authorize, these could be warning signs of potential account mishandling or broker misconduct.
It’s important to remember:
- Churning (excessive trading) is prohibited under both SEC and FINRA rules. The advisor must act in your best interests.
- Unauthorized trading may violate your rights as a customer, and could allow you to seek damages through FINRA arbitration.
- Haselkorn & Thibaut specializes in helping investors recover losses related to excessive trading, churning, and suitability violations—often at no upfront cost to you.
How to Check If You Have a Claim
If your account statements show high rates of buying and selling, unexplained or unauthorized trades, or investments that seem inconsistent with your goals or risk tolerance, it is crucial to act promptly. Start by gathering and reviewing your past brokerage account statements for unknown transactions or patterns. Then, contact Haselkorn & Thibaut for a free review by a skilled securities attorney familiar with these types of claims.
What Is FINRA Arbitration?
Most disputes with brokers and investment advisors are resolved through FINRA arbitration—a process that can be much quicker and less costly than court. Haselkorn & Thibaut can evaluate your circumstances, guide you through your options, and handle each step of the process.
Haselkorn & Thibaut has helped thousands of investors across the country recover investment losses from brokerage and investment advisor misconduct. No recovery, no fee—our interests are fully aligned with yours.
If you invested with Matthew Winthrop at Aegis Capital Corp. or any of his previous firms and have concerns about your account or suspect losses due to excessive trading, unauthorized transactions, or unsuitable investments, contact Haselkorn & Thibaut today at 1-888-994-8066 for a complimentary, no-risk review.
Don’t wait—investment losses are time-sensitive, and your window to take action may be limited. Take the first step to protecting your rights and seeking recovery now.
