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COMPLAINTS Against MATTHEW MCDONALD of Sigma Financial
Customer Complaint Pending Against Sigma Financial Corp. Involving Matthew McDonald
WALLED LAKE, MICHIGAN
Were you a former investor of financial advisor Matthew McDonald? The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations made against current Sigma Financial Corp. advisor Matthew McDonald, in Walled Lake, Michigan. According to FINRA, McDonald has been the subject of three customer complaints since 2020, one of which was filed in April 2022.
The most recent customer complaint alleges misrepresentations and negligence in connection with real estate investments that were recommended by Matthew McDonald in 2014 and 2015. The customer alleges $50,000 in damages from the real estate investments. According to BrokerCheck, McDonald denied the client’s allegations in light of the signed client disclosure forms. The two other customer complaints also complain about real estate investments.
Matthew McDonald has been an advisor with Sigma Financial Corp. from 1999 to the present. He also sells insurance through his company, McDonald Financial, which operates an office in Walled Lake, Michigan.
Sigma Financial Corp. is a licensed securities brokerage firm. Securities brokerage firms like Sigma Financial Corp. and its advisors have duties to make investment recommendations which are suitable to customers, pursuant to FINRA Rule 2111. Non-traded REITs (real estate investment trusts) may not be suitable for investors looking for safe or secure investments.
View BrokerCheck Report: McDonald, m BrokerCheck 4.25.22