Investigating Potential Claims – Conmac Funding & Matthew Eckstein
Have you suffered losses investing in Conmac Funding with financial advisor Matthew Eckstein? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against his employer.
According to reports today, financial advisor Matthew Eckstein of Syosset, NY has been charged with an alleged $5 million dollar Ponzi scheme involving the investment Conmac Funding. The scheme allegedly took advantage of 14 elderly investors.
Eckstein allegedly encouraged most of his clients to invest in an insurance company known as Conmac Funding, claiming that after two years they would get their money back plus an additional 4 percent in interest, according to court records.
Some of Eckstein’s clients were purportedly encouraged to deposit thousands of dollars into an account under Conmac Funding Corp., or Conmac Capital Lending LLC, in which he held exclusive authority, according to court records.
Instead of investing the funds, Eckstein was purportedly using the money on personal expenses and to pay back some of the investors.
According to his FINRA Broker Check report, Eckstein has been a registered advisor with SISK Investment Services in Syosset, NY since 2015. Prior to that he worked for Gould, Ambroson & Associates in Garden City, New York for 17 years.
Free Consultation with a Securities Attorney
The White Law Group is investigating potential claims involving the liability Eckstein’s employers may have for failing to properly supervise him.
If you have suffered losses investing in Conmac Funding, the securities attorneys at The White Law Group may be able to help you to recover your losses through FINRA Arbitration.
For a free consultation with a securities attorney, please call the firm’s offices at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to the representation of investors in FINRA arbitration claims against brokerage firms throughout the United States.
To learn more about The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.