BASEL NOQOLA NAFAL is currently employed as a Broker and/or Investment Adviser at SIGMA FINANCIAL CORPORATION located at 17197 N. Laural Park Dr, Suite 139, Livonia, MI, 48152.
BASEL NOQOLA NAFAL has worked at SIGMA FINANCIAL CORPORATION since September 17, 2014
Disclosure History
BASEL NOQOLA NAFAL has 4 Disclosure Event(s).
Date: October 10, 2011 Category: Financial Type: Compromise Disposition: Satisfied/Released
Date: November 16, 2010 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT VARIABLE ANNUITY INVESTMENTS WERE MISREPRESENTED AND WERE UNSUITABLE. ACTIVITY PERIOD DECEMBER 2006 TO OCTOBER 2007. Settlement Amount: $110,000.00 Broker Comment: FIRM AND ADVISOR RESPONDED TO COMPLAINT, DENYING ALL ALLEGATIONS AND LIABILITY. IN THE INTEREST OF AVOIDING LITIGATION AND COSTS OF DEFENSE, FIRM SETTLED THE MATTER WITH NO ADMISSION OF LIABILITY BY THE FIRM OR ADVISOR. ADVISOR CONTRIBUTED PER FIRM POLICY BUT CONTINUES TO MAINTAIN THAT CUSTOMERS' ALLEGATIONS WERE WITHOUT MERIT.
Date: November 03, 2008 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT PR MISREPRESENTED THAT INVESTMENT COULD VARY IN VALUE. NO DOLLAR LOSS AMOUNT PROVIDED, HOWEVER, BELIEVED OVER $5,000. Damage Amount Requested: $5,000.00 Broker Comment: FIRM DETERMINED THAT CUSTOMER IS A SOPHISTICATED, WEALTHY INVESTOR AND REAL ESTATE AGENT WHOSE SIGNATURE INDICATED REVIEW AND UNDERSTANDING OF ANNUITY FEATURES.
Date: September 13, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGE AGENT NATFAL FAILED TO "INFORMED ME OF THE MARKET RISK OR CHARGES". DAMAGES UNSPECIFIED. Broker Comment: THIS MATTER IS BEING REPORTED CONSISTENT WITH NASDR RULES PERTAINING TO THE REPORTING OF CERTAIN WRITTEN CUSTOMER COMPLAINTS. THE COMPANY BY THIS FILING MAKES NO ALLEGATIONS REGARDING THE ACTIONS OF THE REPRESENTATIVE.
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