JOHN FRANK DEMNISKY is currently employed as a Broker and/or Investment Adviser at SIGMA FINANCIAL CORPORATION located at 247 SUMMIT TRACE RD, LANGHORNE, PA, 19047.
JOHN FRANK DEMNISKY has worked at SIGMA FINANCIAL CORPORATION since January 03, 2003
Disclosure History
JOHN FRANK DEMNISKY has 1 Disclosure Event(s).
Date: September 04, 1991 Category: Customer Dispute Allegations: I WAS A DEFENDANT IN A MULTI-DEFENDANTLITIGATION IN A MATTER TITLED [CUSTOMERS], ET ALAGAINST WICHITA OIL INCOME FUND, A TEXAS L.P. THE SUIT ALLEGEDTHAT THE PLAINTIFFS WERE DEFRAUDES BY FAILURE TO DISCLOSECERTAIN LATENT DEFECTS IN THE WELLS. PLAINTIFFS ALLEGED CLAIMOF RECESSION OF INVESTMENT, $350,00. Damage Amount Requested: $350,000.00 Settlement Amount: $25,000.00 Broker Comment: THE PLAINTIFFS AND DEFENDNTS THROUGH THEIR LEGALREPRESENTATIVES CONCLUDED THIS MATTER BY A SETTLEMENTAGREEMENT. THE SETTLEMENT AGREEMENT RESULTS IN ALL PARTIES TOTHE ACTION TO AGREE THAT (NO) PARTY HAS ANY LIABILITY OFRESPONSIBILITY TO ANY OTHER PARTY AND A SETTLEMENT PAYMENT WASPAID TO THE PLAINTIFFS REPRESENTING FULL AND FINAL SETTLEMENTOF ANY AND ALL CLAIMS AGAINST THE DEFENDANTS. MY PORTION OF THESETTLEMENT PAYMENT WAS $3500.MY POSITION WAS ONE OF A SALESMAN, ASSOCIATEDWITH THE ISSUER AND I WAS (NOT) ONE OF THE SALESMAN WHO SOLD TOTHE NAMED PLAINTIFFS.
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