Kathie Lee Foreman, of Maumee, Ohio, a stockbroker formerly employed with Sigma Financial Corporation, is the subject of a customer initiated investment related arbitration claim, which was settled to resolve accusations that the customer’s account was inappropriately managed, causing the customer to sustain investment losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02219 (April 19, 2017).
FINRA Public Disclosure confirms that Foreman has been identified in five additional customer initiated investment related disputes involving allegations of her misconduct while employed with Sigma Financial Corporation. In particular, a customer initiated investment related arbitration claim regarding Foreman’s activities was resolved for $14,500.00 in damages founded on accusations that Foreman made misrepresentations, omissions and unsuitable investment recommendations to the customer relating to over-the-counter equities positions. FINRA Arbitration No. 09-01872 (Feb. 18, 2010).
Thereafter, on March 6, 2013, a customer initiated investment related written complaint involving Foreman’s conduct was settled for $6,146.29 in damages based upon allegations that Foreman failed to liquidate the customer’s equity holdings according to the customer’s instructions, causing the customer to sustain undue tax consequences. On January 1, 2016, another customer initiated investment related written complaint regarding Foreman’s activities was resolved for $7,329.00 in damages supported by accusations that the customer’s equity portfolio was not adequately diversified.
Moreover, a customer filed an investment related arbitration claim involving Foreman’s conduct, in which the customer sought $200,000.00 in damages founded on allegations that Foreman failed to appropriately manage the customer’s investments, and executed mutual funds, stock and over-the-counter equities trades that were not suitable for the customer. FINRA Arbitration No. 17-01990 (Aug. 28, 2017).
Foreman’s employment with Sigma Financial Corporation ceased on May 21, 2016. Since June 14, 2016, she has been registered with Calton & Associates, Inc.
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