matthew evan eckstein...09/2015 - present sisk investment services, inc. syosset, ny 04/1995 -...

BrokerCheck Report

MATTHEW EVAN ECKSTEIN

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 2997245

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2 - 3

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Page(s)

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https://www.AdviserInfo.sec.gov

http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414


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MATTHEW E. ECKSTEIN

CRD# 2997245

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 6

Criminal 1

Customer Dispute 5



This broker has passed:

1 Principal/Supervisory Exam

2 General Industry/Product Exams

1 State Securities Law Exam

Registration History

This broker was previously registered with thefollowing securities firm(s):

SISK INVESTMENT SERVICES, INC.CRD# 19406SYOSSET, NY09/2015 - 06/2018

B

GOULD, AMBROSON & ASSOCIATES LTD.CRD# 17412GARDEN CITY, NY02/1998 - 09/2015

B

www.finra.org/brokercheck User Guidance

1�2020 FINRA. All rights reserved. Report about MATTHEW E. ECKSTEIN.


http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.








Industry Exams this Broker has Passed

This individual has passed 1 principal/supervisory exam, 2 general industry/product exams, and 1 state securities law exam.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Principal Examination 11/25/1998Series 24B

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 06/22/2018SIEB

General Securities Representative Examination 02/11/1998Series 7B

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 04/04/1998Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.






Registration and Employment History

Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 09/2015 - 06/2018 SISK INVESTMENT SERVICES, INC. 19406 SYOSSET, NY

B 02/1998 - 09/2015 GOULD, AMBROSON & ASSOCIATES LTD. 17412 GARDEN CITY, NY

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

09/2015 - Present Sisk Investment Services, Inc. CEO/CCO Y Syosset, NY, United States

04/1995 - Present GOULD, AMBROSON & ASSOCIATES PARTNER N GARDEN CITY, NY, UnitedStates

01/1999 - 09/2015 INVICTUS TIMING SERVICE LTD. VICE-PRESIDENT Y GARDEN CITY, NY, UnitedStates

04/1996 - 09/2015 GOULD, AMBROSON & ASSOCIATESLTD.

VICE-PRESIDENT Y GARDEN CITY, NY, UnitedStates

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

President, CME Management Inc. Syosset, NY/ September 2015 A TAX AND ACCOUNTING FIRM. NOT INVESTMENT-RELATED.I PROVIDETAX PREPARATION AND ACCOUNTING SERVICES TO CLIENTS on an as needed basis.






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Regulatory Event 0 6 0

Criminal 1 0 0

Customer Dispute 2 3 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission, foreign financial regulatory body) for a violation ofinvestment-related rules or regulations; or (2) a revocation or suspension of a broker's authority to act as an attorney, accountant, or federalcontractor.

Disclosure 1 of 6

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Suspension

Date Initiated: 11/18/2019

Docket/Case Number: 18-02864

Employing firm when activityoccurred which led to theregulatory action:

N/A

Product Type: No Product

Allegations: Respondent Eckstein failed to comply with an arbitration award or settlementagreement or to satisfactorily respond to a FINRA request to provide informationconcerning the status of compliance.

Current Status: Final

Resolution: Letter

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?





https://www.finra.org/arbitration-mediation/arbitration-awards-online?search=18-02864


Resolution Date: 11/18/2019

Sanctions Ordered:


No

Suspension

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or






Regulator Statement Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554,Respondent Eckstein is suspended on November 18, 2019 for failure to complywith an arbitration award or settlement agreement or to satisfactorily respond to aFINRA request to provide information concerning the status of compliance.


(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: All Capacities

Duration: Indefinite

Start Date: 11/18/2019

End Date:

Sanction 1 of 1

Sanction Type: Suspension







Disclosure 2 of 6

i



FINRA





N/A




Resolution: Letter


Sanctions Ordered:


No

Suspension


No













End Date:

Sanction 1 of 1


Disclosure 3 of 6

i



New Jersey Bureau of Securities

Sanction(s) Sought: Revocation


Docket/Case Number: N/A

URL for Regulatory Action: https://www.njconsumeraffairs.gov/Actions/Eckstein_SummaryRevocation_18Sep2019.pdf






URL for Regulatory Action: https://www.njconsumeraffairs.gov/Actions/Eckstein_SummaryRevocation_18Sep2019.pdf


Sisk Investment Services, Inc. (CRD #19406)


Allegations: Eckstein is the subject of an order of a self-regulatoary organization expelling himfrom a national securities association.


Resolution: Order


Sanctions Ordered:


No

RevocationOther: Matthew Eckstein is hereby DENIED all exemptions contained in N.J.S.A.49:3-50 subsection (a) paragraph 9, 10, and 11 and subsection (b); and further theexemptions to the registration requirements provided by N.J.S.A. 49:3-56(b),N.J.S.A.49:3-56(c), and N.J.S.A. 49:3-56(g) are hereby REVOKED as to MatthewEckstein.

Disclosure 4 of 6

i



FINRA





N/A

Product Type:13�2020 FINRA. All rights reserved. Report about MATTHEW E. ECKSTEIN.









Resolution: Letter


Sanctions Ordered:


No

Suspension


No








Regulator Statement Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554,Respondent Eckstein is suspended on January 16, 2019 for failure to comply withan arbitration award or settlement agreement or to satisfactorily respond to aFINRA request to provide information concerning the status of compliance.



Capacities Affected: All capacities



End Date:

Sanction 1 of 1







Regulator Statement Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554,Respondent Eckstein is suspended on January 16, 2019 for failure to comply withan arbitration award or settlement agreement or to satisfactorily respond to aFINRA request to provide information concerning the status of compliance.

Disclosure 5 of 6

i



FINRA

Sanction(s) Sought: Other: n/a


Docket/Case Number: 2017054146302


Gould, Ambroson & Associates LTD; Sisk Investment Services, Inc.


Allegations: Eckstein was named a respondent in a FINRA complaint alleging that he sold over$1.3 million of "investments" that were neither described in any written materialsnor memorialized in a note or other agreement. The complaint alleges that theseundocumented investments appear to have been part of a spurious investmentscheme run by a close friend of Eckstein. Having done no due diligence on theissuer, Eckstein nevertheless recommended that at least four customers -including elderly, conservative investors - invest based on repayment terms,including maturity dates and interest payments, which he orally provided to them.Eckstein recommended that the customers make investments in the issuer withoutdisclosing to them that he did not have a reasonable basis for making suchrecommendations and that he knew or was reckless in not knowing that the issuerlacked the ability to repay its obligations to these investors. In the course of makingthese recommendations, Eckstein made material misrepresentations andomissions to customers. Eckstein also failed to inform investors that he hadsignature authority on the bank account of an affiliate of the issuer that wasreceiving investor funds - in other words, that he could access the funds theinvestors were purportedly investing. Eckstein further failed to disclose that he hadreceived over $100,000 from his long-time friend and CEO of the issuer. Eckstein'smisrepresentations and omissions were material because a reasonable investorwould consider them important in making investment decisions because theysignificantly altered the total mix of information available to the customers, andbecause they denied them the opportunity to make an informed decision aboutwhether to invest in the issuer. As a result of his conduct, Eckstein willfully violatedSection 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder,and violated FINRA Rule 2020. The complaint also alleges that Eckstein'srecommendations were unsuitable because Eckstein, among other things, lackeda reasonable basis to believe the investments were suitable for any investor anddid not understand the potential risks and rewards inherent in therecommendation. The complaint further alleges that prior to forming his own shopin September 2015, Eckstein participated in private securities transactions whenthe customers invested in the issuer. Each of the transactions was done away fromEckstein's member firm and was outside the regular course or scope of hisemployment with the firm. Eckstein failed to seek written authorization from orprovide written notice to the firm prior to participating in the transactions. The firm'swritten supervisory procedures prohibited "selling away." In addition, the complaintalleges that Eckstein caused a different member firm to violate SecuritiesExchange Act of 1934 Rule 17a-4 and FINRA Rules 2010 and 4511 by failing topreserve customer emails, text messages, and facsimiles, and account summarieshe created for and sent to individuals. Furthermore, the complaint alleges that afterFINRA commenced its investigation, Eckstein failed to respond to requests fordocument and information and in other instances, failed to completely or timelyrespond.





https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2017054146302


Eckstein was named a respondent in a FINRA complaint alleging that he sold over$1.3 million of "investments" that were neither described in any written materialsnor memorialized in a note or other agreement. The complaint alleges that theseundocumented investments appear to have been part of a spurious investmentscheme run by a close friend of Eckstein. Having done no due diligence on theissuer, Eckstein nevertheless recommended that at least four customers -including elderly, conservative investors - invest based on repayment terms,including maturity dates and interest payments, which he orally provided to them.Eckstein recommended that the customers make investments in the issuer withoutdisclosing to them that he did not have a reasonable basis for making suchrecommendations and that he knew or was reckless in not knowing that the issuerlacked the ability to repay its obligations to these investors. In the course of makingthese recommendations, Eckstein made material misrepresentations andomissions to customers. Eckstein also failed to inform investors that he hadsignature authority on the bank account of an affiliate of the issuer that wasreceiving investor funds - in other words, that he could access the funds theinvestors were purportedly investing. Eckstein further failed to disclose that he hadreceived over $100,000 from his long-time friend and CEO of the issuer. Eckstein'smisrepresentations and omissions were material because a reasonable investorwould consider them important in making investment decisions because theysignificantly altered the total mix of information available to the customers, andbecause they denied them the opportunity to make an informed decision aboutwhether to invest in the issuer. As a result of his conduct, Eckstein willfully violatedSection 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder,and violated FINRA Rule 2020. The complaint also alleges that Eckstein'srecommendations were unsuitable because Eckstein, among other things, lackeda reasonable basis to believe the investments were suitable for any investor anddid not understand the potential risks and rewards inherent in therecommendation. The complaint further alleges that prior to forming his own shopin September 2015, Eckstein participated in private securities transactions whenthe customers invested in the issuer. Each of the transactions was done away fromEckstein's member firm and was outside the regular course or scope of hisemployment with the firm. Eckstein failed to seek written authorization from orprovide written notice to the firm prior to participating in the transactions. The firm'swritten supervisory procedures prohibited "selling away." In addition, the complaintalleges that Eckstein caused a different member firm to violate SecuritiesExchange Act of 1934 Rule 17a-4 and FINRA Rules 2010 and 4511 by failing topreserve customer emails, text messages, and facsimiles, and account summarieshe created for and sent to individuals. Furthermore, the complaint alleges that afterFINRA commenced its investigation, Eckstein failed to respond to requests fordocument and information and in other instances, failed to completely or timelyrespond.


Resolution: Decision


Sanctions Ordered:


Yes

Bar (Permanent)RestitutionOther: Respondent willfully violated of Section 10(b) of the Exchange Act of 1934,and Rule 10b-5, as well as FINRA Rules 2020 and 2010.


Yes

Yes







Yes


No

No






Regulator Statement Default decision rendered August 28, 2018. The sanctions were based on findingsthat Eckstein made false and misleading statements in connection with purchasesand sales of securities in willful violation of Section 10(b) of the Exchange Act of1934, and Rule 10b-5, as well as FINRA Rules 2020 and 2010. The findings statedthat in reliance on Eckstein's recommendations, four customers invested a total of$1.36 million in a company (the "Issuer") run by one of his close friends. Ecksteingave the customers no written materials describing the investment or any note orother agreement memorializing the customers' purchases. Rather, theundocumented transactions appear to have been part of a spurious investmentscheme run by Eckstein's close friend. Eckstein also persuaded one of hiscustomers to liquidate close to $300,000 in mutual fund holdings in order to investin the issuer, representing that the investment would be sufficient to fund herretirement while the mutual fund investments would not. Eckstein had no basis,however, for urging the customer to replace her mutual funds with an investment inthe issuer. Eckstein had conducted no due diligence on the investment. Moreover,Eckstein never disclosed to his customers his lack of a basis for hisrepresentations and recommendations, and his lack of due diligence-materialinformation to any reasonable investor. Eckstein did not disclose that nearly all ofthe money that his customers gave him to invest in the issuer was deposited into abank account in the name of an affiliate of the issuer, and that he had access tothose investor funds as a signatory on the bank account. Eckstein also did notdisclose that his friend had given him over $100,000, purportedly as a loan that thefriend then forgave. The findings also stated that Eckstein had no reasonable basisfor thinking the investment in his friend's company suitable for anyone. In addition,given the customers' circumstances-they all had little to no investment experienceand had highly conservative investment objectives and risk tolerance-theinvestment was unsuitable for these customers in particular. The findings alsoincluded that Eckstein participated in many of these private securities transactionsor "selling away" from his member firm without providing the required prior writtennotice to which it was entitled. FINRA found that after Eckstein left the firm andstarted his own broker-dealer firm, he caused his broker-dealer firm to violate theapplicable books and records rules by failing to preserve customer emails, textmessages, facsimiles, and account summaries that he created for and sent tosome customers. FINRA also found that during FINRA's investigation, Ecksteinfailed to respond timely and completely to one request, failed to respond timely totwo subsequent requests, and then failed to provide any information at all inresponse to two more requests by FINRA. The decision became final September25, 2018.


No

Capacities Affected: All capacities



End Date:

Sanction 1 of 1

Sanction Type: Bar (Permanent)

Monetary Related Sanction: Restitution

Total Amount: $961,781.00

Portion Levied againstindividual:

$961,781.00

Date Paid by individual:

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan: plus interest

Is Payment Plan Current:






Regulator Statement Default decision rendered August 28, 2018. The sanctions were based on findingsthat Eckstein made false and misleading statements in connection with purchasesand sales of securities in willful violation of Section 10(b) of the Exchange Act of1934, and Rule 10b-5, as well as FINRA Rules 2020 and 2010. The findings statedthat in reliance on Eckstein's recommendations, four customers invested a total of$1.36 million in a company (the "Issuer") run by one of his close friends. Ecksteingave the customers no written materials describing the investment or any note orother agreement memorializing the customers' purchases. Rather, theundocumented transactions appear to have been part of a spurious investmentscheme run by Eckstein's close friend. Eckstein also persuaded one of hiscustomers to liquidate close to $300,000 in mutual fund holdings in order to investin the issuer, representing that the investment would be sufficient to fund herretirement while the mutual fund investments would not. Eckstein had no basis,however, for urging the customer to replace her mutual funds with an investment inthe issuer. Eckstein had conducted no due diligence on the investment. Moreover,Eckstein never disclosed to his customers his lack of a basis for hisrepresentations and recommendations, and his lack of due diligence-materialinformation to any reasonable investor. Eckstein did not disclose that nearly all ofthe money that his customers gave him to invest in the issuer was deposited into abank account in the name of an affiliate of the issuer, and that he had access tothose investor funds as a signatory on the bank account. Eckstein also did notdisclose that his friend had given him over $100,000, purportedly as a loan that thefriend then forgave. The findings also stated that Eckstein had no reasonable basisfor thinking the investment in his friend's company suitable for anyone. In addition,given the customers' circumstances-they all had little to no investment experienceand had highly conservative investment objectives and risk tolerance-theinvestment was unsuitable for these customers in particular. The findings alsoincluded that Eckstein participated in many of these private securities transactionsor "selling away" from his member firm without providing the required prior writtennotice to which it was entitled. FINRA found that after Eckstein left the firm andstarted his own broker-dealer firm, he caused his broker-dealer firm to violate theapplicable books and records rules by failing to preserve customer emails, textmessages, facsimiles, and account summaries that he created for and sent tosome customers. FINRA also found that during FINRA's investigation, Ecksteinfailed to respond timely and completely to one request, failed to respond timely totwo subsequent requests, and then failed to provide any information at all inresponse to two more requests by FINRA. The decision became final September25, 2018.

Disclosure 6 of 6

i



FINRA









Docket/Case Number: 2017054146301


n/a


Allegations: Respondent Eckstein failed to respond to FINRA request for information.


Resolution: Letter


Sanctions Ordered:


No

Suspension


No







Regulator Statement Pursuant to FINRA Rule 9552 and in accordance with FINRA's Notice ofSuspension letter dated August 17, 2017, Eckstein is suspended on September 11,2017, from associating with any FINRA member firm in all capacities. If Ecksteinfails to request termination of the suspension within three months of the date of theNotice of Suspension, he will automatically be barred on November 20, 2017 fromassociation with any FINRA member in all capacities pursuant to FINRA Rule9552(h).

Suspension lifted on November 24, 2017.



Duration: n/a


End Date: 11/24/2017

Sanction 1 of 1







Criminal - Pending Charge

This type of disclosure event involves a formal charge for a crime involving a felony or certain misdemeanor offenses, including bribery, perjury,forgery, counterfeiting, extortion, fraud, and wrongful taking of property that is currently pending.

Disclosure 1 of 1

Reporting Source: Firm

Charge Date: 06/12/2018

Name of Court: Supreme Court, Nassau County

Location of Court: Mineola, New York

Docket/Case #: Unknown at this time; this report is based on available news accounts.

Formal Charges werebrought in:

State Court

FormalCharge(s)/Description:

The Nassau County District Attorney charged Mr. Eckstein with three counts ofsecond degree grand larceny.

No of Counts: 3

Felony or Misdemeanor: Felony

Plea for each charge: Unknown

Disposition of charge:

Charge(s) 1 of 4


The Nassau County District Attorney charged Mr. Eckstein with two counts ofsecond-degree grand larceny, first-degree scheme to defraud and two counts offourth-degree conspiracy

No of Counts: 5




Charge(s) 2 of 4


The Nassau County District Attorney charged Mr. Eckstein with two counts of firstdegree scheme to defraud.

No of Counts: 2



Charge(s) 3 of 4






Current Status: Pending

Status Date:




The Nassau County District Attorney charged Mr. Eckstein with third degree grandlarceny.

No of Counts: 3




Charge(s) 4 of 4






Customer Dispute - Award / Judgment

This type of disclosure event involves a final, consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practiceviolations against the broker that resulted in an arbitration award or civil judgment for the customer.

Disclosure 1 of 3


Employing firm whenactivities occurred which ledto the complaint:

Allegations:

Gould, Ambroson & Associates Ltd., Sisk Investment Services, Inc. and InvictusTiming Service Ltd.

Matthew Eckstein was named in a customer complaint that asserted the followingcauses of action: unsuitability; misrepresentation and omission; breach of fiduciaryduty; breach of the duty of good faith and fair dealing; breach of contract; fraud;churning; failure to supervise; and control person liability

Product Type: Other: unspecified securities

Alleged Damages: $100,000.00

Arbitration/Reparation Claimfiled with and Docket/CaseNo.:

FINRA - CASE #18-02864

Date Notice/Process Served: 08/14/2018

Arbitration Pending? No

Disposition: Award

Disposition Date: 07/18/2019

Disposition Detail: Respondent Matthew Eckstein is liable for and shall pay to Claimant the sum of$100,000.00 in compensatory damages, is liable for and shall pay to Claimantinterest on the amount of $80,000.00, and is liable for and shall pay to Claimantinterest on the amount of $20,000.00

Regulator Statement This award has not been paid by or on behalf of Matthew Eckstein as of November18, 2019.

Arbitration Information

iReporting Source: Firm


Allegations:

Gould, Ambroson & Associates Ltd

Customer filed a FINRA arbitration claim alleging claims against Mr. Eckstein forunsuitability,misrepresentation and omission, breach of fiduciary duty, breach of duty of goodfaith & fair dealing, breachof contract, fraud, churning, and violations of NASD/FINRA Conduct Rules. Mr.Eckstein has not appeared in the arbitration.







Allegations: Customer filed a FINRA arbitration claim alleging claims against Mr. Eckstein forunsuitability,misrepresentation and omission, breach of fiduciary duty, breach of duty of goodfaith & fair dealing, breachof contract, fraud, churning, and violations of NASD/FINRA Conduct Rules. Mr.Eckstein has not appeared in the arbitration.

Product Type: Other: Private Securities



Arbitration Pending? Yes

Firm Statement In addition to the compensatory damages, Customer is seeking punitive damagesin an amount to be determined at the trial but not less than three timescompensatory damages as well as interest accruing from the date of the breach,which the Customer alleges to be no later than the date on which theCustomer invested, plus costs and reasonable attorneys' fees.


Alleged Damages AmountExplanation (if amount notexact):

Amount not yet fully ascertained, but believed to be in excess of one hundredeleven thousand twohundred fifty five dollars ($111,255).

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA

Docket/Case #: 18-02864

Disclosure 2 of 3

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Allegations:

Gould, Ambroson & Associates Ltd.

Matthew Evan Eckstein was named in a customer complaint that asserted thefollowing causes of action: unsuitability; common law fraud; breach of contract;negligent supervision; breach of fiduciary duty; RICO violations; and conversion.The causes of action relate to investment in Conmac Funding Corporation.

Product Type: Other: Conmac Funding Corporation

Alleged Damages: $0.00











Disposition: Award


Disposition Detail: Respondent Eckstein is liable for and shall pay to Claimants the sum of$1,318,706.66 in compensatory damages and liable for and shall pay to Claimantsinterest on the above-stated sum at the rate of 9% per annum from the date of theaward through and including the date of payment of the award. RespondentsEckstein is jointly and severally liable for and shall pay to Claimants the sum of$375.00 as reimbursement for the non-refundable portion of Claimants' filing feepaid to FINRA Office of Dispute Resolution.

Regulator Statement This award has not been paid by or on behalf of Eckstein as of November 15,2019.



Allegations:


Customers filed a FINRA arbitration claim alleging claims against Mr. Eckstein forunsuitability, common law fraud, breach of contract, negligent supervision, breachof fiduciary duty, RICO and conversion. Mr. Eckstein has not appeared in thearbitration.




Alleged Damages AmountExplanation (if amount notexact):

Claimants allege they invested $970,000 in the investments in dispute, but they donot specify the amount of damages they claim.


FINRA











Disclosure 3 of 3

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Allegations:

Gould, Ambroson & Associates, Ltd.

Matthew Evan Eckstein was named in a customer complaint that asserted thefollowing causes of action: unsuitability; misrepresentation and omissions;negligence; failure to supervise; breach of fiduciary duty; violation of Florida statesecurities statutes; violation of the unfair trade practice and consumer protectionlaws of the State of Florida, specifically F.S.A. §501.204, et seq., and otherrelevant state securities statutes, including specifically F.S.A. §517.301, etseq.,common law fraud and Florida's Blue Sky Law. The causes of action relate toan investment in Conmac Funding Corporation.

Product Type: Other: unspecified securities






Disposition: Award


Disposition Detail: Respondent Eckstein is liable for unsuitability; misrepresentations and omissions;negligence; breach of fiduciary duty; violation of F.S.A. §517.301; and violation ofF.S.A. §501.204, and shall pay to Claimants the sum of $314,407.00 incompensatory damages; liable for and shall pay to Claimants attorneys' fees in theamount of $157,203.50; and liable and shall pay to Claimants the amount of$300.00 representing reimbursement of the non-refundable portion of the claimfiling fee previously paid by Claimants to FINRA Office of Dispute Resolution.

Regulator Statement This award has not been paid by or on behalf of Eckstein as of January 16, 2019.










Allegations:

Gould Ambroson & Associates Ltd.

Two customers have filed a FINRA arbitration claim alleging claims against Mr.Eckstein for unsuitability, misrepresentation, negligence, breach of fiduciary dutyand violation of Florida securities and consumer protection statutes. As of the datehereof, Mr. Eckstein has not appeared in the arbitration. Gould, Ambroson &Associates, Ltd. ("GAAL") denied any liability to claimants and the case has beenstayed against GAAL on account of GAAL's bankruptcy filing. Date of allegedactivity is July 2015.

Product Type: Other: Private Securities purchased away from Gould Ambroson & Associates Ltd.






FINRA







Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit that contains allegations of salespractice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that thebroker engaged in, sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, orconversion of funds or securities.

Disclosure 1 of 2



Allegations:


Customer filed a FINRA arbitration claim alleging claims against Mr. Eckstein forunsuitability, common law fraud, breach of contract, negligent supervision, breachof fiduciary duty, sale of unregistered securities, overconcentration and claimsunder New Jersey securities and consumer laws. Mr. Eckstein has not appeared inthe arbitration.







FINRA


Disclosure 2 of 2

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Allegations:


Customers filed a FINRA arbitration claim alleging around 2010-2015, Mr. Ecksteinengaged in misrepresentations, breach of fiduciary duty, claims under New Jersey,Pennsylvania and North Carolina securities and consumer laws, violations ofNASD/FINRA Conduct Rules and SEC Rules, negligence, failure of supervision,breach of contract, and vicarious liability.

Other: Private Securities31�2020 FINRA. All rights reserved. Report about MATTHEW E. ECKSTEIN.







Date Complaint Received: 07/02/2018

Complaint Pending? Yes

Settlement Amount:

Individual ContributionAmount:

Customer Complaint Information

Is this an oral complaint? No

Is this a written complaint? Yes

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

FINRA


Filing date ofarbitration/CFTC reparationor civil litigation:

07/02/2018






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matthew evan eckstein...09/2015 - present sisk investment services, inc. syosset, ny 04/1995 -...

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