RBC Wealth Management fired a Boca Raton, Florida-based adviser who is facing multiple domestic violence charges including kidnapping, battery and false imprisonment, according to Broward County Florida court records.
Scott Jay Matalon, 40, was managing director of Matalon Financial Group, part of Royal Bank of Canada Wealth Management. The former adviser allegedly got into a physical confrontation on July 5 with his girlfriend of two months that resulted in Matalon grabbing and throwing her in the shallow area of his swimming pool, according to a local news report.
The woman reportedly tried to flee Matalon’s home and ask for a neighbor’s help, but was beaten and dragged by Matalon back to his home and held against her will, according to the news outlet.
Broward police arrested him and charged him with one count of kidnapping, two counts of false imprisonment, three counts of domestic battery by strangulation and four counts of battery, according to Broward County Florida court records.
A Broward Sheriff's Office spokesperson said due to the nature of the incident that more detailed police reports are not yet publicly available.
“At RBC, we hold all employees to the highest standards of integrity,” said an RBC Wealth Management spokesperson in a statement. “Our code of conduct governs how employees are expected to behave both at work and in the community. We investigate all reported violations of this code of conduct and take action when necessary.”
Broward County court records do show that Matalon submitted last Friday a written plea of not guilty.
As Goldman Sachs tightens rules on event contract trading, RIAs and hedge funds are weighing their own policies
Meanwhile, Wells Fargo lures defectors from UBS and JPMorgan to expand in the East Coast, while another bank aligns itself with RayJay's financial institutions division.
New research suggests AI-exposed workers over 55 are leaving jobs more often than before ChatGPT’s rise.
Agentic AI is landing in trading, treasury and wealth management roles across major banks, with advisory functions as the next frontier.
Wells Fargo affiliate and women-focused wealth firm both promote leadership as they scale advisor support.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income