MARK ANTHONY SMOGOR

MARK ANTHONY SMOGOR is currently employed as a Broker and/or Investment Adviser at SIGMA FINANCIAL CORPORATION located at 16950 19 MILE RD., # 5A, CLINTON TOWNSHIP, MI, 48038.

MARK ANTHONY SMOGOR has worked at SIGMA FINANCIAL CORPORATION since February 23, 1998

Disclosure History

MARK ANTHONY SMOGOR has 2 Disclosure Event(s).

Date: October 31, 2002
Category: Customer Dispute
Allegations: 5/13/98 - CLAIMANTS BOUGHT MORTGAGE CORP OF AMERICA (MCA) REAL ESTATE POOL LIMITED PARTNERSHIP. MCA LATER FAILED & STOPPED DISTRIBUTIONS. CLAIMANTS ALLEGED RECOMMENDATION WAS UNSUITABLE & INVESTMENT WAS MISREPRESENTED
Damage Amount Requested: $50,000.00
Settlement Amount: $27,500.00
Broker Comment: SETTLEMENT PAYMENT OF $27,500.00 FOR ASSIGNMENT, RIGHTS, TITLE & INTEREST IN MCA SECURITY PURCHASED BY CLAIMANTS.

Date: July 20, 1998
Category: Customer Dispute
Allegations: THAT THEY WERE SOLD AN UNSUITABLE INVESTMENT. THE AMOUNT OF DAMAGES ASSERTED IS $100,000.
Damage Amount Requested: $100,000.00
Settlement Amount: $30,000.00
Broker Comment: AFTER A NUMBER OF DISCUSSIONS WITH [CUSTOMER] OVER SEVERAL MONTHS SHE DECIDED TO INVEST 50,000 WITH AUTO DEALER NETWORK. THIS WAS AN APPROVED PRODUCT WITH MY BROKERDEALER. SHE WAS 1 1/2 YEARS INTO THE 3 YR PROGRAM WHEN THEPROGRAM WENT BANKRUPT. HER FIANCE [OTHER CUSTOMER NAMED] ALSO INVESTED THE SAME AMOUNT. BOTH HAVE CLAIMED THAT THIS WAS AN UNSUITABLE INVESTMENT WHICH I CONTEND IS NOT ACCURATE. THE PROCEEDINGS ARE STILL GOING THROUGH THE DISCOVERY STAGE, SO NO CONCLUSION HAS BEEN REACHED AT THIS TIME.

More Information

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