Louis Frederick Scherschel, of Sleepy Hollow, Illinois, a stockbroker formerly registered with Sigma Financial Corporation, was fired on September 11, 2015, supported by allegations that he failed to abide by the policies of Sigma Financial Corporation regarding correspondence.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Scherschel has been subject of a customer initiated investment related written complaint on September 2, 2016 in which the customer was granted $295,000.00 in damages supported by allegations that Scherschel effected unsuitable leveraged exchange traded fund transactions in the customer’s account, causing the customer to sustain investment losses. The customer additionally accused Scherschel of failing to follow the customer’s instructions regarding the sale of investments in the customer’s investment portfolio.

Since November 11, 2015, he has been registered with St. Bernard Financial Services, Inc.

Guiliano Law Group

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For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com


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