Mr. Ile marked solicited trades as “unsolicited” on order tickets
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Former Sigma Financial Advisor Curtis Roy Ile (CRD#: 4009787) has been suspended from acting as a broker by FINRA for six months.
Ile has 18 years of experience with seven firms, most recently with Sigma Financial (2015–2018), and Ameritas Investment Corp. (2003–2015), both of Mt. Carmel, Illinois.
According to Ile’s FINRA record, Ile consented to sanction and entry of findings that he mismarked order tickets as unsolicited when the transactions were, in fact, solicited, thereby causing his member firm’s books and records to be inaccurate.
The findings also stated that Ile recommended over-the-counter (OTC) equity securities to customers without reviewing the current financial statements of issuers to determine whether there was a reasonable basis for making such recommendations.
The findings also included that Ile exercised discretion in customers’ accounts without obtaining prior written authorization from the customers and without his firm having accepted the accounts for discretionary trading.
No monetary sanction was imposed.
In July 2018, Ile resigned from Sigma Financial in lieu of termination because the firm had reason to believe that Ile marked solicited trades as “unsolicited” on order tickets.
Jeffrey R. Sonn is a securities fraud lawyer with more than three decades of successful experience representing investors nationwide. If you suffered illegitimate investment losses with Curtis Ile, Mr. Sonn can help. Contact our law firm today for a free case evaluation.