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Broker Complaints: Sigma Financial Corporation (CRD# 14303)

Sigma Financial Corp.Fitapelli Kurta has recently filed multiple complaints on behalf of investors against Sigma Financial and we are currently interested in hearing from other investors who have lost money investing through  Sigma Financial or one of its brokers.

Sigma Financial Corp. is classified as a corporation and was formed in Michigan in 1983. Sigma Financial’s current main office is located in Ann Arbor, Michigan. Sigma Financial Corp. is registered with both the SEC and FINRA and has offices and registered brokers in all fifty states.

Sigma Financial Corp. has a history of customer complaints and FINRA violations.

Robert Soldat worked as a broker for FINRA from 2002 to 2011. Robert Soldat has racked up a noteworthy 11 customer complaints all stemming from unsuitable investments he recommended to investors while employed at Sigma Financial Corp. Six complaints are currently pending arbitration before a FINRA panel and three complaints were settled before arbitration. For example, on February 17, 2012 one customer received over $120,000 in settlement for allegations of fraud, and breach of contract stemming from unsuitable TIC investments place in 2006 and 2007. Another complaint settled for $512,000 in January 2012, again for unsuitable TIC investments purchased in 2006. Finally, a customer received $169,000 in July 2011 for failing to conduct due diligence and recommended unsuitable TIC investments to him.

Sigma Financial itself has eight FINRA regulatory events and has gone to 11 arbitrations before FINRA. On October 2, 2014 Sigma entered into a letter of Acceptance, Waiver and Consent with FINRA, and was fined $185,000 for failing to establish a system of supervision reasonably designed to achieve compliance with securities laws, regulations and ru
les.

If you or someone you know has lost money investing in TIC investments or any other type of investment through Sigma Financial or one of their brokers, you may be entitled to full recovery of your losses. Contact the securities fraud attorneys at Fitapelli Kurta today to discuss the merits of your case. Our consultations are always free and all cases are taken on a contingency fee basis. Time is of the essence in filing your claim, so do not wait. Call now for your free consultation.