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Fredrick Randhahn Formerly With Sigma Financial Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Fredrick Randhahn formerly with Sigma Financial?

Fredrick Randhahn (CRD #1338801) who was formerly registered with Sigma Financial and located in Ogden, Utah is a subject of one of our many securities industry sales practice abuse investigations.

Fredrick Randhahn has also been the subject of a FINRA investigation that he engaged in private securities transactions involving the sale of promissory notes without seeking prior approval from his member firm.  His alleged that he sold over $625,000 and 2 investors, some of whom were his customers at his member firm.  Without admitting or denying the allegations, he consented to sanctions of a nine-month suspension, disgorgement of the commissions he received and a $5,000 fine.

Fredrick Randhahn Customer Complaints

Fredrick Randhahn has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Fredrick Randhahn’s 2 customer complaints were settled in favor of investors.

Allegations Against Fredrick Randhahn

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • In the client’s statement of claim, it was alleged the client was sold unapproved investments by Fredrick Randhahn. Claim further alleges that these investments were high risk and fraudulent.
  • In another statement of claim, it was also alleged the client was sold unapproved investments by Fredrick Randhahn. Claim further alleges that these investments were high risk and fraudulent.

Fredrick Randhahn Red Flags & Your Rights As An Investor

Of course, Fredrick Randhahn did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Fredrick Randhahn at Sigma Financial on alert to review carefully the activity and performance of their accounts and question whether Fredrick Randhahn has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Sigma Financial also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Sigma Financial Due To Fredrick Randhahn

If you have questions about Sigma Financial and/or Fredrick Randhahn and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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