Investors might have sustained losses due to securities broker Matthew Joseph McDonald [CRD: 2837629, Walled Lake, Michigan], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McDonald joined Sigma Financial Corporation on November 11, 1999, and SPC on November 5, 2002. Keep reading to learn more about the disclosures concerning McDonald.
Evidently, on February 14, 2025, a Sigma Financial Corporation client filed FINRA Arbitration No. 25-00320 about Matthew McDonald. Mainly, the client claimed that McDonald was negligent and made misrepresentations. Because of this, the client allegedly sustained damages connected to REITs. Therefore, the client requested $230,000.00 in compensation from Sigma Financial Corporation or McDonald. Supposedly, this claim awaits a resolution.
Also, a client of Sigma Financial Corporation disputed Matthew McDonald’s sales practices by filing FINRA Arbitration No. 21-02437. Allegedly, McDonald was negligent and had misrepresented information relating to real estate securities. As a result, Sigma Financial Corporation opted to settle the matter on January 28, 2022, by paying compensation totaling $9,000.00.
Specifically, a Sigma Financial Corporation client filed FINRA Arbitration No. 22-00753 about Matthew McDonald. Allegedly, McDonald failed to supervise, was negligent, and made misrepresentations about REITs. For this reason, on February 9, 2023, Sigma Financial Corporation settled this matter by paying the client $28,000 in damages.
Particularly, a client of Sigma Financial Corporation disputed Matthew McDonald’s sales practices by bringing FINRA Arbitration No. 20-02573. Allegedly, McDonald failed to perform due diligence, was negligent, and made misrepresentations. It appears that McDonald caused the client to sustain damages linked to real estate securities. Consequently, Sigma Financial Corporation agreed to settle the dispute on March 2, 2022, by paying compensation amounting to $12,500.
Did you experience losses because of Matthew McDonald? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney regarding a possible recovery. Soreide Law Group has recovered losses for investors located throughout the US. Also, the firm works on a contingency fee basis and advances all costs. McDonald and brokerage firms McDonald worked for deny allegations relating to sales practices.
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