Erez Law is currently investigating former Sigma Financial Corporation broker Clark Harris (CRD# 2730928) regarding real estate investment losses. Harris has been registered with Aurora Securities in Troy, Michigan since 2021. Previously, Harris was registered with SPC in Bloomfield Hills, Michigan from 2009 to 2021 and with Sigma Financial Corporation in Bloomfield Hills, Michigan from 2000 to 2021, when he was terminated regarding “The firm has reason to believe that the registered representative solicited, recommended, and sold illiquid alternative investments to one or more customers without possessing a qualifying FINRA license to do so, and that the representative took steps to conceal this activity from the firm.” While associated with Sigma Financial Corporation, Harris was part of a group “Titan Wealth Advisors.”
In March 2021, FINRA opened an investigation against Harris regarding: “Investigating whether he received securities compensation for recommending alternative investments for which he was not registered to do so.”
Harris has been the subject of one customer complaint in 2012 that was regarding variable annuity losses and was settled for $69,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Sigma Financial Corporation may be liable for investment or other losses suffered by Harris’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.