Investor Alleges Noah Bergeron Executed Unsuitable Transactions

Noah Bergeron (CRD #: 1056146), a broker formerly registered with Sigma Financial Corporation, allegedly executed unsuitable transactions involving fixed annuities, according to his BrokerCheck record, accessed on September 3, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Disputes

On June 16, 2022, an investor alleged that Noah Bergeron executed unsuitable fixed annuities transactions in 2015, 2016, and 2020. The client seeks $85,000 in this pending dispute.

A dispute filed on June 26, 2019, alleged that Noah Bergeron misrepresented a variable annuity purchased in January 2019. This dispute was denied by the firm.

However, investors should know that firms don’t need to permit an external review before denying disputes. Investors can still seek out FINRA arbitration and potentially recoup their losses after a denial.

Two disputes, filed in 2011 and 2012, named Noah Bergeron in allegations involving misrepresentation. These disputes were collectively settled for a total of approximately $222,500.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately suit an investor’s financial goals. Brokers must consult the investor’s profile, which describes their age, risk tolerance, other investments, and additional information.

Investors who rely on brokers for investment recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of fraudulent tactics, like manipulation or deception, as they relate to the purchase and sale of securities. This also includes the misrepresentation of an investment’s potential returns, risks, limitations, or other features.

Background Information

Noah Bergeron has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 62 – Corporate Securities Limited Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

He previously worked for Sigma Financial Corporation (CRD#:14303) and Franklin Financial Services Corporation (CRD#:5435).

Kurta Law Can Help

If you worked with Noah Bergeron and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.