Jeffrey Evan Sigman of Greenwood Village Colorado a stockbroker formerly registered with Neidiger Tucker Bruner Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Sigman engaged in undisclosed outside business activities while associated with the securities broker dealer. FINRA Arbitration No. 2016050093401 (Sept. 13, 2018).
According to the AWC, Sigman established a limited liability company, CF, for purposes of financing sub-prime loans. Nine percent of the company was initially owned by Sigman. The AWC stated that he undertook responsibilities for CF for compensation which necessitated that he disclose his outside business activities to Neidiger Tucker Bruner. The AWC stated that Sigman failed to disclose CF and completed the firm’s questionnaire representing that there were no outside business activities which he engaged in for compensation. FINRA found Sigman’s conduct violative of FINRA Rules 2010 and 3270.
Sigman was terminated from Neidiger Tucker Bruner Inc. on July 16, 2016 based upon accusations of his failure to disclose the outside business activity; conduct violative of the firm’s policies. FINRA Public Disclosure reveals that Sigman was employed by First Financial Equity Corporation from November 16, 2017 to July 27, 2018 when he was discharged by the securities broker dealer for failing to make required outside business activity disclosures.
