FINRA

Respondent Matthews failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

9/19/2016

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated June 16, 2016 and July 11, 2016, respectively, on September 19, 2016, Matthews is barred from association with any FINRA member in any capacity. Respondent failed to request termination of her suspension within three months of the date of the Notice of Suspension; therefore, she is automatically barred from association with any FINRA member in any capacity.

FINRA

Respondent Matthews failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

letter

Suspension

any capacity

n/a

3/23/2016

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Matthews is suspended on March 23, 2016 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC.

Discharged

FAILED TO FOLLOW FIRM POLICY REGARDING THE CONTACTING OF CUSTOMERS PRIOR TO EACH TRADE.

WELLS FARGO ADVISORS INDICATES THAT I WAS TERMINATED BECAUSE I PURPORTEDLY "FAILED TO FOLLOW FIRM POLICY REGARDING THE CONTACTING OF CUSTOMERS PRIOR TO EACH TRADE." I DISAGREE WITH THEIR ALLEGATION. I AM LICENSED AS BOTH AN INVESTMENT ADVISOR REP AND A REGISTERED REP. IN MY PRACTICE, I MEET AND DISCUSS HOLDINGS WITH MY CLIENTS AND, IF NEEDED, MAKE RECOMMENDATIONS ON ADJUSTMENTS TO THOSE HOLDINGS. RARELY DO THESE RECOMMENDATIONS REQUIRE IMMEDIATE IMPLEMENTATION. ACCORDINGLY, AT THE END OF OUR MEETING, I ASK THE CLIENTS TO REVIEW AND THINK ABOUT MY RECOMMENDATIONS. I THEN FOLLOW-UP WITHIN A TWO-WEEK PERIOD AND, IF THE CLIENT AGREES WITH MY SUGGESTIONS, I IMPLEMENT THE RECOMMENDED CHANGES AT THE TIME THE CLIENT AGREES. WELLS FARGO WAS AWARE THAT THIS WAS MY PRACTICE FOR THE ENTIRE TIME I WORKED FOR THEM (IN FACT FOR THE ENTIRE 20 YEARS I HAVE BEEN IN PRACTICE) AND NEVER INDICATED ANY ISSUE WITH IT IN ANY AUDIT PERFORMED ON MY BRANCH. WELLS FARGO NOW INDICATES THAT THE TIME SPAN BETWEEN MY RECOMMENDATION AND THE ACTUAL IMPLEMENTATION WAS TOO LONG, EVEN THOUGH THE CLIENT WAS CONTACTED AGAIN IMMEDIATELY PRIOR TO THE TRADE BEING PLACED. BECAUSE I DID NOT HAVE DISCRETION ON THE ACCOUNTS, I NEVER PLACED A TRADE WITHOUT FIRST CONTACTING MY CLIENTS AND OBTAINING THEIR AUTHORIZATION.

$5,866.00

Tax

THIS NEVER WENT TO COURT. THIS IS A RESULT OF A TAX ISSUE WITH MY EX-HUSBAND. THEY ARE ROLLING UP THE PENALITIES AND ATTACHING TO MY BUSINESS. I DID NOT RECEIVE COPIES OF THE DOCUMENTS MY EX-HUSBAND HAS THEM AND THE ATTORNEY HAS TAKEN OVER.

$28,652.00

Tax

THESE ARE TAXES THAT MY EX-HUSBAND OWES. I HAVE AN ATTORNEY THAT IS WORKING ON GETTING THE FUNDS FROM HIM. I AM PERSONALLY PAYING MYSELF NOW AND SEEKING THE FUNDS FROM EX-HUSBAND. I DID NOT RECEIVE A NOTICE OF LIEN, WENT TO MY EXHUSBAND.