The securities attorneys at Meyer Wilson are currently investigating fraud
accusations involving Matthew Christopher Katke (CRD# 4679645), who in
March pled guilty to participating in a multimillion-dollar securities
fraud scheme while at RBS Securities, Inc.
Matthew Katke, formerly a broker with RBS Securities, Inc., has pled guilty
to participating in a multimillion-dollar securities fraud scheme.
According to federal prosecutors (
U.S. v. Katke, 3:15-cr-00038), Katke’s misconduct started around April 2008 while he was a trader
and managing director at RBS Securities – he resigned in August
2013. The information filed by the U.S. Attorney alleged that Katke knowingly
and willfully used deceptive tactics in connection with the purchase and
sale of collateralized loan obligation “CLO” bonds. The U.S.
Attorney identified Katke’s victims as RBS Securities customers.
What are the risks of collateralized loan obligations?
During his time at RBS, Katke specialized in CLOs. Similar to collateralized
mortgage obligations, these are securities backed by high-yield corporate
debt. The main difference between the two is the underlying loan. Issuance
of CLOs has been on the rise in recent years, reaching a record high of
over $123 billion last year. Katke’s indictment is the latest in
a string of U.S. government crackdowns against complex securities offerings
and debt that is difficult to value.
Can I get my money back?
If you invested with former RBS Securities broker Matthew Katke and lost
money, you may be able to get it back through FINRA arbitration. Since
1999, the securities fraud lawyers at Meyer Wilson have been fighting
to help investors recover their losses caused by fraud and misconduct.
To learn more about your legal rights and options, contact us and
tell us what happened.