First Financial Equity Corporation Broker Jeffrey Sigman Fired Amidst Regulatory Investigation
First Financial Equity Corporation terminated broker Jeffrey Sigman on July 27, 2018 after it was discovered that he allegedly failed to fully disclose details regarding his separation from his former firm, Neidiger Tucker Bruner Inc. According to his BrokerCheck report, Sigman was permitted to resign from Neidiger Tucker Bruner Inc in 2016 after an internal review revealed inaccuracies and inconsistencies in his disclosure regarding outside business activities.
Signman is no longer registered with a FINRA member brokerage firm.
In June 2018, FINRA opened its investigation into allegations that Sigman failed to disclose an outside business activity and violated conduct Rule 2010. The FINRA investigation is still pending. Prior to his termination, Sigman spent 31 years working in the securities industry.
Sigman also has one customer complaint on his report alleging that he executed an unauthorized transaction. The complaint settled for $50,000.
Did You Lose Money While Working with Jeffrey Sigman?
To ensure that brokers do not sell securities and other investment opportunities that are not approved by the broker's employing firm, outside business activities are closely monitored. "Selling away" is prohibited by FINRA, and it is a violation of industry rules for brokers to recommend unapproved investments even if they are not compensated for resulting investment activity. When people lose money after investing in unapproved opportunities, brokers and the firms they work for can be held liable for damages.
If you suffered financial losses while investing with Jeffrey Sigman, the investment fraud attorneys at Meyer Wilson would like to hear from you. Our team has helped customers nationwide recoup financial losses that were caused by broker misconduct and we can help get you the financial damages you're owed. Give us a call today at (888) 390-6491 for a consultation.