Peter Matthew Bakalis of Trenton Michigan a stockbroker formerly employed by Sigma Financial Corporation is the subject of an investigation launched by the State of Michigan Department of Insurance and Financial Services on December 12, 2018 concerning Bakalis’ possible involvement in the unsuitable surrender of three customers’ annuity contracts.

FINRA Public Disclosure confirms that Bakalis has been referenced in two more customer initiated investment related disputes pertaining to accusations of his violative conduct while he was associated with Sigma Financial Corporation. In particular, on September 29, 2015, a customer initiated investment related civil action involving Bakalis’ conduct was brought in the 48th Judicial District Court of Bloomfield Hills, Michigan, which was settled to resolve allegations that the customer was not provided important information concerning the merger of the customer’s non-traded real estate investment trust investment into another real estate investment trust. Civil Action No. 15-32921-SC-3 (May 10, 2016).

Also, on October 1, 2018, a customer filed an investment related arbitration claim where the customer requested damages estimated to exceed $5,000.00 supported by accusations that the customer’s signatures had been seemingly forged by Bakalis on documentation used to both establish the customer’s account and transfer assets in or out of the customer’s managed accounts.

FINRA Public Disclosure further reveals that on October 3, 2018, Bakalis was discharged by Sigma Financial Corporation based upon allegations that he possibly forged the customer’s signature on account documentation to effect investment related transactions.

Since February 13, 2019, Bakalis has been employed with D.H. Hill Securities, LLLP.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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