Can you recover losses due to recommendations by Sigma Financial Corporation broker Patrick Kelly (CRD# 1258726)? He was registered with Sigma Financial Corporation in Highlands Ranch, Colorado, from 2008 to 2020.
In August 1997, he was sanctioned to pay a $1,000 fine and was suspended for five days.
Patrick Kelly Customer Complaints
He has been the subject of five customer complaints between 1995 and 2025, according to his CRD report. The most recent complaints were regarding:
April 2025. “January 2025 – Customers allege their advisor failed to follow their instructions to sell their investments to avoid market loss.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding in-house wrap accounts.
February 2016. “Arbitration statement of claim alleged misrepresentation; ommission of material facts and breach of fiduciary duty with the investments purchased in 2009.” The customer sought $120,000 in damages, and the case was settled for $36,000. The complaint was regarding equity OTC and direct investments, and it took place while he was registered with Sigma Financial Corporation.
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 Patrick Kelly’s 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.
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