DID VAN WASHINGTON CAUSE YOU INVESTMENT LOSSES?
Van Washington Of Sigma Financial Corporation Has A Customer Complaint For Alleged Broker Misconduct
About Van Washington of Sigma Financial Corporation?
Van Washington (CRD #4651656) exhibits a career path marked by numerous firm changes. Registered with Sigma Financial Corporation and SPC in The Woodlands, TX since May 2011, his career has spanned several states but has been overshadowed by frequent moves among firms such as Ameriprise Financial Services and Morgan Stanley, reflecting possible discontent or compliance issues. Washington has passed only two general industry/product exams and two multi-state securities law exams. His long tenure at his current firms could either suggest a settling period or a lack of better opportunities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Van Washington Customer Complaint and Reviews
Total Incidents: 1 Customer Dispute, 2 Judgments/Liens
- Customer Dispute (Closed-No Action)
- Allegations: Misrepresentation of REITs sold in 2014 and accusations of excessive equity trading in 2020.
- Outcome: The complaint was received on May 2, 2023, and denied on May 30, 2023, with no action taken, which could indicate either the lack of sufficient evidence or Washington’s effective defense against the allegations.
- Judgment/Lien 1
- Amount: $18,806.56
- Type: Tax Lien by the IRS
- Filed Date: April 27, 2015
- Current Status: Outstanding, with ongoing negotiations for release; reflects poorly on financial management skills.
- Judgment/Lien 2
- Amount: $4,182.00
- Type: Tax Lien by the IRS
- Filed Date: August 20, 2010
- Current Status: Outstanding, adding to the concerns about Washington’s financial reliability and potential oversight in his tax dealings.
Allegations Against Van Washington
- Misrepresentation and Excessive Trading: Washington faces accusations of misrepresenting investment products and conducting excessive trading, practices that question his ethical alignment with client interests and industry standards.
- Financial Mismanagement: The outstanding IRS liens suggest chronic financial mismanagement, further casting doubt on his ability to manage clients’ investments responsibly.
Van Washington Red Flags & Your Rights As An Investor
Of course, Van Washington 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 Van Washington at Sigma Financial Corporation on alert to review carefully the activity and performance of their accounts and question whether Van Washington has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Sigma Financial Corporation also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Sigma Financial Corporation Due To Van Washington
If you have questions about Sigma Financial Corporation and/or Van Washington 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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