CLAIMANTS ALLEGE THAT FA MADE UNSUITABLE INVESTMENTS IN THEIR ACCOUNT.

$60,000.00

FINRA

Respondent Seigerman failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

any capacity

n/a

4/19/2017

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Seigerman is suspended on April 19, 2017 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Claimant alleged, inter alia, that the FA misappropriated funds of the Client through fraudulent outside investment investments and recommended unsuitable investments- 2010-2013.

$5,000,000.00

$995,000.00

FINRA

Respondent Seigerman failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

11/1/2016

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated July 29, 2016 and August 22, 2016, respectively, on November 1, 2016, Seigerman is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

FINRA

Respondent Seigerman failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

letter

Suspension

any capacity

n/a

4/4/2016

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Seigerman is suspended on April 4, 2016 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

CLAIMANTS ALLEGED, INTER ALIA, FAILURE TO FOLLOW INSTRUCTIONS AND BREACH OF FIDUCIARY DUTY - APRIL 2012 TO JULY 2013.

$356,622.50

$160,000.00

CLIENT ALLEGES, INTER ALIA, UNAUTHORIZED TRADING- 01/2009-07/2009. DAMAGES UNSPECIFIED.

CLIENT ALLEGES, INTER ALIA, THAT CERTAIN INVESTMENTS PURCHASED IN THEIR ACCOUNTS WERE UNAUTHORIZED. 2007-2008

$264,446.72

$43,000.00

THE CLIENT ALLEGED UNSUITABILITY WITH RESPECT TO INVESTMENTS - 09/2006-09/2008.

$500,000.00

CLAIM DENIED.

CUSTOMER CLAIMS FINANCIAL ADVISOR, INTER ALIA, ALLEGEDLY MISMANAGED HIS ACCOUNT FROM 2005 TO 2006.

$257,000.00

CLIENT CLAIMS ARE FRIVOLOUS AND WILL BE PROVEN AS SUCH BY ALL DOCUMENTED CONVERSATIONS GOING BACK TO THE ALLEGED DATES IN QUESTION. NOT ONLY WAS I IN CONTACT WITH THE CLIENT, SO WAS MY COMPLIANCE OFFICER WHOSE JOB WAS TO MAKE ROUTINE CALLS TO THE CLIENT (NOT JUST ME) AND DOCUMENT ANY CHANGE IN FINANCIAL AND RISK TOLERANCE, INCOME ETC... AS WELL AS LETTERS SENT OUT BY THE BRANCH MANAGER URGING CLIENTS TO CALL TO DISCUSS ANYTHNG THE CLIENT WANTED AT ANY TIME.