Jonna Doris Keller (also known as Jonna Doris Edelmayer and Jonna Doris Hansen), of Sarasota, Florida, a stockbroker registered with Sigma Financial Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Keller was negligent…
Fredrick Martin Randhahn (also known as Fred Randhahn and Frederick Martin Randhahn), of Ogden, Utah, a stockbroker registered with Sigma Financial Corporation, has been barred as a stockbroker by Utah Division of Securities based upon allegations that Randhahn violated state securities laws. In the Matter of Fred M. Randhahn, Notice of Agency Action, Docket No….
Fredrick Martin Randhahn (also known as Frederick Martin Randhahn) of Ogden Utah a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon accusations that the customer was placed into risky and fraudulent Woodbridge Mortgage Investment products during…
Fredrick Martin Randhahn (also known as Frederick Randhahn and as Fred Randhahn) of Ogden Utah a stockbroker formerly employed by Sigma Financial Corporation has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Randhahn engaged in undisclosed and unapproved…
Tomas Juhan Velken of Lafayette California a stockbroker currently employed by Sigma Financial Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $28,195.50 in damages supported by accusations that the customer was placed into tenant in common investments which had not been adequately investigated by Sigma Financial Corporation or…
Curtis Roy Ile of Mt. Carmel Indiana a stockbroker formerly employed by Sigma Financial Corporation has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Ile’s consent to findings that (1) Ile exercised discretion in customer accounts without having written authorization from either the…
Richard Marvin Muhlberg of Cherry Hill New Jersey a stockbroker formerly employed by Sigma Financial Corporation and Sigma Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer was awarded $17,900.00 in compensatory damages based upon Muhlberg being found liable on the customer’s claims that (1) real estate investment trust…
Sigma Financial Corporation a brokerage firm headquartered in Ann Arbor Michigan has been sanctioned by the Financial Industry Regulatory Authority (“FINRA”) based upon findings that the firm failed to supervise its non-traditional exchange traded fund transactions to ensure that they were properly reviewed for suitability. Letter of Acceptance, Waiver and Consent No. 2016052300602 (Mar. 7,…
Peter Matthew Bakalis of Trenton Michigan a stockbroker formerly employed by Sigma Financial Corporation is the subject of an investigation launched by the State of Michigan Department of Insurance and Financial Services on December 12, 2018 concerning Bakalis’ possible involvement in the unsuitable surrender of three customers’ annuity contracts. FINRA Public Disclosure confirms that Bakalis…
Harvey Allan Kaluzna of Northbrook Illinois a stockbroker currently employed by Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages based upon accusations that (1) misrepresentations had been made to the customer concerning unit investment trust and real estate security investments held in…
Gregory Joseph Rusnak of St. Charles Illinois a stockbroker formerly registered with Sigma Financial Corporation has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rusnak executed unauthorized trades in the accounts of Sigma Financial Corporation customers. Letter of Acceptance…
Glenn Eugene Kendall of Tinley Park Illinois a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related written complaint on August 4, 2016 where the customer requested $40,000.00 in damages based upon allegations that between 2015 and 2016: (1) Kendall excessively traded over-the-counter equities and stocks in the…
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,…
Gregory Joseph Rusnak of Saint Charles, Illinois, a stockbroker formerly registered with Sigma Financial Corporation, has been terminated from employment on December 13, 2017, based upon accusations that Rusnak violated Sigma’s policies by executing trades in a customer’s account on a discretionary basis. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on March 28, 2008,…
Joral Townsend Schmalle, of Berkeley, California, a stockbroker currently registered with Sigma Financial Corporation, has been named in a customer initiated investment related arbitration claim on June 6, 2016, in which the customers requested $1,600,000.00 in damages based upon allegations that Sigma did not reasonably supervise Schmalle’s activities and inadequately performed due diligence on the…
Tomas Juhan Velken, of Lafayette, California, a stockbroker currently registered with Sigma Financial Corporation, has been named in a customer initiated investment related arbitration claim on June 6, 2016, in which the customer requested $1,600,000.00 in damages based upon allegations that Velken failed to reasonably conduct diligence concerning tenant in common investments which the customer…
Sigma Financial Corporation, headquartered in Ann Arbor, Michigan, was censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that it overcharged customers concerning their purchases of unit investment trusts, and for the firm’s failure to implement adequate supervisory procedures pertaining to sales charge discounts to ensure customers received them. Letter…
Richard Marvin Muhlberg of Cherry Hill, New Jersey, a stockbroker with Sigma Financial Corporation, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for a period of three months and fined $10,000 after consenting to findings that he had borrowed money in violation of his firm’s procedures…