Were you the victim of stock losses due to recommendations by former Sigma Financial Corporation broker Timothy Farris (CRD# 2178521)? He has been registered with Cetera Advisors LLC in West Bloomfield, Michigan, since 2021. Previously, he was registered with SPC in West Bloomfield, Michigan, from November to December 2021. Prior to then, he was registered with Sigma Financial Corporation in West Bloomfield, Michigan, from 2015 to 2021 and with Ameriprise Financial Services, Inc. in Northville, Michigan, from 2009 to 2015.
Timothy Farris Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2023. “Arbitration Statement of Claim alleged excessive and unsuitable securities trading in connection with the investments purchased in 2015 – 2021. Claimants further allege the BD supervision of the claimant’s account were inadequate.” The case is currently pending. The complaint is regarding common and preferred stocks, and it took place while he was registered with
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Sigma Financial Corporation may be liable for investment or other losses suffered by Timothy Farris’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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