Richard Marvin Muhlberg (Richard Muhlberg) Suspended from Securities Industry and Fired by Sigma Financial Corporation – Goodman & Nekvasil P.A, May Recover Investor Losses
Goodman & Nekvasil P.A, May Recover Investor Losses - Richard Marvin Muhlberg (Richard Muhlberg) Suspended from Securities Industry and Fired by Sigma Financial Corporation
From 1997 until Richard Muhlberg’s firing in 2015, Richard Muhlberg was licensed with Sigma Financial Corporation. According to FINRA’s records, Richard Muhlberg was fired by Sigma Financial Corporation on June 5, 2015. Sigma Financial Corporation reported to FINRA that Richard Muhlberg was fired after being accused of borrowing money from a client.
Subsequent to Richard Muhlberg’s firing, FINRA a brought disciplinary action against Richard Muhlberg. Richard Muhlberg consented to a 3-month suspension from the securities industry and a $10,000 monetary fine. Richard Muhlberg consented to the entry of findings that Richard Muhlberg received a loan from a client and did not disclose it to his firm. The findings also stated that Richard Muhlberg falsely represented to the firm in compliance questionnaires that he had not borrowed money from a customer of the firm.
Additionally, according to FINRA, the New Jersey Bureau of Securities suspended Richard Muhlberg’s agent and financial adviser registrations for 6 months. Richard Muhlberg consented to the entry of findings that The New Jersey Bureau of Securities found, in that Richard Muhlberg engaged in dishonest or unethical business practices in the securities business by borrowing money from his client.
If you lost any money on investments or loans with Richard Muhlberg, you may be able to recover your losses from Sigma Financial Corporation. This is because Sigma Financial Corporation. had a duty to supervise Richard Muhlberg.
If you lost money on investments or loans with Richard Muhlberg and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Sigma Financial Corporation, concerning Richard Muhlberg’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments or loans with Richard Muhlberg and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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