DID Walter Shoczolek, III CAUSE YOU INVESTMENT LOSSES?
Walter Shoczolek, III Of Sigma Financial Corporation And Formerly With Avantax Investment Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Walter Shoczolek, III of Sigma Financial Corporation?
Walter Shoczolek, III (CRD #4488089) has a significant background in the securities industry, primarily in North Carolina. Currently, he is employed and registered with Sigma Financial Corporation in Cornelius, NC since September 2023. Over the span of his career, Shoczolek has been affiliated with three different firms. His previous registrations include Avantax Investment Services, Inc. from January 2015 to October 2023, and MML Investors Services, LLC from May 2002 to February 2015. He is registered with one Self-Regulatory Organization (SRO) and licensed in 11 U.S. states and territories. His examination history includes passing two general industry/product exams and one state securities law exam. The specific exams passed are the Securities Industry Essentials Examination (SIE) in October 2018 and the Series 6 and Series 63 exams.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Walter Shoczolek, III Customer Complaints and Reviews
Walter Shoczolek III has two reported disclosure events: one customer dispute settled and one pending.
- Settled Dispute: In a complaint received on April 28, 2020, a client alleged she was not informed of the investments made in her account involving mutual funds. The alleged damages were $49,500.00, with a settlement amount of $30,423.63. This dispute was settled on July 27, 2020, with no contribution from Shoczolek.
- Pending Dispute: Another complaint was received on September 13, 2023, where a customer alleged that her investment in a mutual fund was unsuitable and that it was liquidated without her authorization. The alleged damages amount to $500,000.00. This case is pending under FINRA arbitration, case number 23-02405, filed on September 1, 2023.
Allegations Against Walter Shoczolek, III
- Settled Allegation: The settled dispute involved allegations of failing to inform a client about investments made on her behalf, specifically in mutual funds, leading to a monetary settlement.
- Pending Allegation: The pending allegation involves claims of unsuitable investment recommendations and unauthorized liquidation of the client’s mutual fund investment. The case is currently under FINRA arbitration, indicating the severity of the allegations and the significant amount sought in damages.
Walter Shoczolek, III Red Flags & Your Rights As An Investor
Of course, Walter Shoczolek, III 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 Walter Shoczolek, III at Sigma Financial Corporation and Avantax Investment Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Walter Shoczolek, III has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Sigma Financial Corporation and Avantax Investment Services, Inc. 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.
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 Walter Shoczolek, III
If you have questions about Sigma Financial Corporation, Avantax Investment Services, Inc. and/or Walter Shoczolek, III 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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