Timothy Farris The Focus Of Sigma Financial Corporation Investor’s Excessive Trading Claim

Investors potentially incurred losses because of securities broker Timothy Richard Farris [CRD: 2178521, West Bloomfield, Michigan], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Farris worked for Sigma Financial Corporation from May 15, 2015, to December 17, 2021, SPC from November 15, 2021, to December 17, 2021, and Cetera Advisors LLC beginning December 16, 2021, while also registering with Cetera Investment Advisers LLC on March 21, 2024. Investors are encouraged to continue reading to learn more about the disclosures involving this securities broker.

Sigma Financial Corporation Investor Accused Farris Of Excessive Trading

Evidently, on September 10, 2024, a Sigma Financial Corporation client filed FINRA Arbitration No. 24-01940 about Timothy Farris. Mainly, the client alleged that Farris engaged in excessive trading and made unsuitable recommendations, while also raising concerns about inadequate supervision of the account. Because of this, the client allegedly sustained damages pertaining to stocks. As a result, the client requested $207,649.00 in compensation from Sigma Financial Corporation or Farris. BrokerCheck shows that this arbitration awaits a resolution.

Timothy Farris Disclosed Unsuitable Recommendations Allegations By Cetera Advisors LLC Client

Specifically, a client of Cetera Advisors LLC disputed Timothy Farris’s sales practices by filing a complaint on May 22, 2024. Allegedly, Farris made unsuitable recommendations and failed to properly invest available funds. It appears that Farris allegedly caused the client to sustain damages pertaining to variable annuities. Therefore, the client seeks compensation from Cetera Advisors LLC or Farris in the amount of $33,000 in this ongoing matter.

Sigma Financial Corporation Investor Accused Farris Of Unsuitable Trading, Negligent Supervision

Particularly, a Sigma Financial Corporation client filed FINRA Arbitration No. 23-01454 about Timothy Farris. Primarily, the client alleged that Farris engaged in unsuitable trading and excessive trading, along with claims that supervision of the account was insufficient. For this reason, the client allegedly incurred damages connected to stocks. Consequently, on September 20, 2024, Sigma Financial Corporation settled this matter by paying the client $305,000 in damages.

Are You Looking For More Information About Securities Broker / Financial Advisor Timothy Farris?

Did you experience losses because of Timothy Farris? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the US. Also, our securities attorneys work on a contingency fee basis and advance all costs. Farris and brokerage firms Farris worked for deny any allegations of sales practice violations.