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.
“Today’s actions send a clear message that even the biggest financial institutions are not above the law,” said Treasury Secretary Scott Bessent.
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