Category Archives: Sigma Financial

Jason B. Vanclef-VFG Securities-Named In Regulatory Investigation Over REIT Sales

Culver CIty, CA

According to FINRA records, Jason B. Vanclef a broker who is  registered  with VFG Securities  , discloses that he is named in a FINRA complaint alleging that in connection with the sale of direct investments and REITs, he provided customers with misleading personalized recommendation spreadsheets that contained false, exaggerated, unwarranted or misleading statements, and included improper projections of investment performance.

FINRA also alleges that Vanclef, who is the president of VFG Securities, used misleading communications with the public by providing a copy of a published book, The Wealth Code,  to the public which had not been filed with FINRA for review.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Vanclef also discloses six prior customer disputes that have been finalized, including:

  • FINRA Case 13-2979- a customer of Madison Avenue Securities alleged damages of $2.5 million in connection with the purchase of a tenant in common (TIC) investment and two energy related direct investments. That case was settled for $237,500.

Vanclef  has been registered with VFG Securities since 8/2009. Prior to that he was registered with Madison Avenue Securities and Sigma Financial. 

If you have questions about  a brokerage account handled by Jason B. Vanclef  or losses in your account at VFG Securities , call to discuss your legal options with an experienced securities attorney.

VFG Securities is also being investigated by FINRA for sales practice violations related to the sale of REITs and non traded alternative investments. See this for more information. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Rocco Cortese Discloses Tenant in Common (TIC) Customer Dispute

May 2016- San Francisco

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA recordsRocco A. Cortese discloses a pending customer dispute. In FINRA Case 15-0447, a customer alleges that while Cortese was registered withSigma Financial Corporation he made misrepresentations , committed fraud and was negligent in connection with the sale of a tenant in common (TIC) investment. Damages are alleged to be $861,000.

According to FINRA records, Cortese is not currently registered. He was registered with Concorde Investment Services from 12/2011-12/2015. Prior to that he was registered with Orchard Securities from 5/2011-10/2011 and before that with Omni Brokerage from 4/2005-4/2011.

If you have losses in an account handled by Rocco A. Cortese contact us to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870