According to a recent InvestmentNews article, the Financial Industry Regulatory Authority (FINRA) has barred former Investors Capital broker, Matthew Peregoy, from the industry. Peregoy allegedly failed to attend a hearing that was looking into allegations of possible misuse of client funds. Mr. Peregoy was terminated from Investors Capital in July 2016, after he failed to disclose a civil judgment against him and for possible misuse of customer funds. These are against securities laws and internal firm rules. According to FINRA records, Mr. Peregoy was previously registered with Capital Analysts Inc. in Cinncinnati, Ohio from December 1993 until April 1996, Royal Alliance Associates in Jersey City, New Jersey from May 1996 until April 1998, The Investment Center in Brick, New Jersey from May 1998 until December 2005 and Investors Capital Corp in Brick from January 2006 until July 2016. He has one customer dispute against him and has been permanently barred from the industry.
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