Former Sigma Financial Broker Fired
Clark D. Harris, a registered broker and investment advisor, has faced multiple allegations of misconduct and wrongdoing. Accusations include that Harris recommended and sold illiquid alternative investments without a FINRA license. In addition, settled customer disputes show that Harris reportedly made unsuitable recommendations to clients resulting in losses.
At Meyer Wilson, we provide dedicated representation for investors who have suffered financial harm as a result of investment fraud and broker misconduct. Our lawyers are nationally-recognized having recovered over $350 million for aggrieved investors. If you have sustained losses after investing with Clark Harris or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation.
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Accusations of Wrongdoing Against Clark Harris
According to his BrokerCheck account, Clark D. Harris (CRD#: 2730928) has worked for several different firms. However, the majority of his career was spent as a representative of Sigma Financial Corporation.
During his time with Sigma, Harris became the subject of a number of allegations. In January 2012, a customer dispute was settled after allegations of Harris, as a registered representative of Sigma Financial, causing significant losses to his client after initiating a withdrawal from a variable annuity.
A second customer dispute was settled earlier this year after allegations that Harris made unsuitable recommendations and that he “encouraged the customer to invest in a non-traded direct participation program (DPP) and a REIT. Both products are highly speculative and likely unsuitable for most investors.
Employment Separation After Allegations
In April 2021, Harris was discharged from Sigma Financial Corporation after allegations that he recommended and sold illiquid alternative investments to customers without being adequately licensed. Additionally, the firm states that Harris attempted to conceal the illegal activity.
Harris is currently employed with Aurora Securities. Individuals who invested with Harris are strongly encouraged to call a qualified investment fraud attorney. Investors who have sustained losses may be entitled to financial relief. Common causes of action include failure to supervise, unsuitability, unauthorized trading, breach of fiduciary duty, negligence, misrepresentation, and more.
Our lawyers are nationwide leaders in investment fraud cases.
FINRA Investigation
Harris is the subject of an investigation initiated by the Financial Industry Regulatory Authority (FINRA). The regulatory agency is investigating whether the broker was properly registered when he “received securities compensation for recommending alternative investments.” The investigation is currently pending.
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Recovering Investment Losses
If you have suffered investment losses after working with Clark Harris, you might be entitled to compensation through a lawsuit or FINRA arbitration. Contact our office at (614) 532-4576 for a free, no-obligation consultation.
At Meyer Wilson, we have over 150 years of collective experience. We proudly represent investors nationwide and will work relentlessly to help you recover your losses. Do not wait. Call now to get started.
Recovering Losses Caused by Investment Misconduct.
