RBC adviser fired following arrest on domestic violence charges

RBC adviser fired following arrest on domestic violence charges
Florida-based adviser Scott Jay Matalon was fired from RBC after facing charges of kidnapping, domestic battery and false imprisonment.
JUL 19, 2021

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.

Latest News

IRA assets swell to $19.2 trillion as 401(k) rollovers drive growth
IRA assets swell to $19.2 trillion as 401(k) rollovers drive growth

IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.

Women feel confident about saving, but many still keep cash in low-yield accounts
Women feel confident about saving, but many still keep cash in low-yield accounts

A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.

SEC seeks comment on prediction-market ETFs after May pause
SEC seeks comment on prediction-market ETFs after May pause

Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.

Dump investment banks, buy alternative asset managers, says Oppenheimer
Dump investment banks, buy alternative asset managers, says Oppenheimer

"Shares of alternative assets managers have lagged this year as investors grow wary of private-credit exposure."

TaxStatus rolls out rules-based tool to flag advice gaps
TaxStatus rolls out rules-based tool to flag advice gaps

The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.

SPONSORED Who builds the income when the pension disappears?

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

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.