FINRA Arbitration filed against Sigma Financial to recover alternative investment losses

The White Law Group announces the filing of a FINRA arbitration claim against Sigma Financial Corporation to recover investment losses in five alternative investments.
By: The White Law Group
 
FORT MYERS, Fla. - Dec. 1, 2014 - PRLog -- The claim, filed against Sigma Financial Corporation, seeks recovery of investment losses of over $1,000,000.00.

The claim filed by The White Law Group was submitted on behalf of a Florida investor and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim specifically alleges that the investor was unsuitably invested in a alternative investments and that Sigma Financial only selected the investments because of the commission generated as a result of the recommendations.  The claim further alleges that Sigma Financial failed to perform the proper due diligence on the investments prior to offering it for sale to its client.

Broker-dealers have a fiduciary duty to research investments prior to recommending them for sale to its clients and to ensure that the investments in recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives.

The claim involves investments in:

Wells Management Company - Warrenville Road

Wells Management Company - Westway One

Inland Real Estate - Capital One

AEI Real Estate - Eckerd Drugstore

Noble Royalties - The Concord Properties

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.

Contact
The White Law Group
***@whitesecuritieslaw.com
312-238-9650
End
Source:The White Law Group
Email:***@whitesecuritieslaw.com
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Tags:Wells TIC, Finra Arbitration, Noble Royalties, Wells Warrenville, Sigma Financial
Industry:Business, Legal
Location:Fort Myers - Florida - United States
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