Regulatory Issues are on the Rise for Sigma Financial Corp.
The relationship between an investor and their financial advisor is supposed to be sacred. Investors count on their advisors to give them the most objective and prudent advice.
Often, investors don’t realize that the financial advice they are receiving is not objective. Many times advisors and brokers are selling unregistered or unsuitable investments or those which pay high commissions. The customers don’t realize the risks until it is too late and they see significant losses or difficulties accessing their money.
These situations have become more common as the Financial Industry Regulatory Authority (FINRA) has imposed strict rules on this relationship. FINRA regulates the securities industry and is aggressively enforcing its rules and guidelines. The most significant is the Best Interest Rule requiring firms and financial advisors/brokers to put their client’s interests ahead of their own. Any conflicts of interest must be disclosed, and all recommendations should match the needs of the client. Firms have a responsibility to supervise their personnel and make sure they follow all of the guidelines laid out by FINRA.
The reality is that lots of firms — such as Sigma Financial Corp. — are engaging in actions that violate FINRA’s rules. The firm’s regulatory issues are becoming worse, and it seems as if nothing is being done to fix these problems. FINRA’s files show that Sigma Financial has 15 regulatory events..
Things get worse when you look at the number of advisors and brokers that are facing disciplinary action with FINRA. Financial professionals from around the country are accused of engaging in acts such as:
- Unauthorized trading
- Selling unauthorized and unregistered investments
- Breach of fiduciary duty
- Making unsuitable investments
- Overcharging customers
These issues show a mountain of regulatory challenges facing Sigma Financial Corp. The firm doesn’t talk about its complaints or regulatory issues, and you might not know there is a problem until it is too late.
The Wolper Law Firm, P.A. has the knowledge and experience needed to help you in such a situation. You work with a skilled investment fraud lawyer that knows the law and what to do to hold the firm and the advisor/broker accountable for their actions.
FINRA has very clear guidelines on what is acceptable. The financial professional and the firm have a legal obligation to look out for your best interests. The increasing number of complaints shows that this is not happening for Sigma Financial Corp.’s clients.
Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation to speak with a skilled attorney. You will get prudent advice and know what options are available if you want to move forward with the case.
What Are Your Options in the Face of Sigma Financial Corp. Investment Fraud?
Most investors don’t what to do to hold their financial professionals and firms accountable. This lack of knowledge is what makes it more difficult for them to take action. Our skilled attorneys can help by applying their extensive knowledge and experience.
You have the option of taking Sigma Financial Corp. and the financial advisor/broker to arbitration for violating FINRA and industry rules. Arbitration is mandatory in most situations, with your waiving your right to sue when you opened your account with Sigma Financial.
Arbitration is when a board will hear your case, look at the evidence, and make a ruling about the alleged violations of the rules. All decisions are final, and you do have the option of appealing the case. The arbitration will hold the financial professional and the firm accountable for their actions.
Another option is to negotiate a settlement with the firm. This is when we use arbitration as leverage to show that there were clear violations of the rules and that the firm can’t win. Sigma Financial Corp. wants to avoid any negative publicity and potential penalties from FINRA. They will more than likely settle the case before it goes to arbitration.
Our team will investigate and collect evidence on your behalf. We analyze everything to see where violations of the rules occurred and how this impacted your portfolio. Our team looks at everything, including the commissions, fees, suitability, and whether you knew about these investments. You work with dedicated professionals that will not stop until we create successful outcomes for you.
Our attorneys will help you to understand the different options and what we can do. The most important thing is to contact us now and speak with the investment fraud lawyer at 954.406.1231 / 800.931.8452.
Why Choose Us?
One of the challenges for investors when it comes to Sigma Financial Corp. investment fraud is they are outgunned. Sigma Financial has tremendous resources and deep pockets. They are known for using these to settle cases without admitting wrongdoing and then going back to business as usual.
Sigma Financial has been to arbitration, but regulators will fine them and work with them to review their practices. However, this doesn’t stop the bad behavior, and it leaves investors vulnerable.
The Wolper Law Firm, P.A. levels the playing field and gives you the same resources and legal connections as Sigma Financial Corp. The firm and its advisors/brokers must answer to FINRA about the breaches of different rules and be prepared to compensate you.
We work tirelessly to fight for you and make sure that your rights are respected. FINRA and its rules are designed to protect investors like you against these things. Our investment fraud lawyer will investigate your case and create a customized legal strategy to increase your chances of success.
We have recovered money for wronged investors in 99% of the cases we handle. Our track record speaks for itself with our five-star reviews and success rate including:
- A $10 million award against a national brokerage firm for securities fraud
- A $2 million settlement against a national brokerage firm for failing to supervise a broker involved in a Ponzi scheme
- A $1.075 million award against a brokerage firm for unsuitable investments and unauthorized trading
- A $1 million award against an investment advisor for securities fraud.
These are some of the cases we have won for our clients. We will not stop until we create successful outcomes for you.
You work with a skilled investment fraud lawyer that listens to what you have to say and cares. We create a customized legal strategy that looks at your situation and uses the law to hold the firm and advisor/broker accountable.
Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation with an investment fraud lawyer. We will discuss your Sigma Financial Corp. investment loss and what we can do to address this situation. You are under no obligation, and everything we talk about is strictly confidential.
FAQs About Sigma Financial Corp. Investment Fraud
Yes. You have the option of pursuing Sigma Financial Corp. for investment losses by going to arbitration. This process involves presenting evidence and showing the extent of your losses and damages compared with FINRA’s rules and regulations. You more than likely waived your right to sue in a court of law and agreed to resolve any dispute through arbitration when you opened your account. Our team works tirelessly to guide you through this process and create successful outcomes for you. We have recovered money for investors in 99% of the cases we work on. Our track record speaks for itself, and we can help you in deciding if you want to go this route.
The average length of time it takes to resolve an arbitration case is 16 months. Everything depends on the negotiations with the other side and whether we will have to go to arbitration. We try to settle before this happens but sometimes we have no choice and must go to arbitration. Your investment fraud attorney will work with you throughout the case and we won’t stop until we get successful resolutions for you.
We will start the process by filing a complaint with FINRA and letting them know we want to go to arbitration. A date is set and we will represent you at the arbitration hearings. We will present your case and submit evidence on your behalf to show the damages. The arbitration panel will render a judgment. We have the option of accepting it or appealing the decision.
Sigma Financial is facing lots of regulatory problems for things such as churning, failing to supervise, unsuitable recommendations, and unauthorized trading. Lots of advisors and brokers are getting into trouble by not following the different securities industry rules. Your investment fraud lawyer will help you to hold the firm and its financial professional responsible for their actions.
You will speak with a skilled attorney that will go over your case and lay out the different options. Our team will move forward with the case once we receive authorization from you. We will not stop and will pursue every possible avenue to find out what happened to your money. All evidence we collect is sent to FINRA and we will continue with the process of taking legal action against the firm and the advisor/broker.
Contact The Wolper Law Firm, P.A. now at 954.406.1231 / 800.931.8452 to schedule your free consultation to speak with a skilled attorney. You will get prudent advice and know what options are available after experiencing Sigma Financial Corp. investment losses.