Sigma CCO charged with child molestation

Michael John Brooks is charged with four counts of second degree criminal sexual misconduct.
NOV 28, 2007
Michael John Brooks, chief compliance officer at Sigma Financial Corp. in Ann Arbor, Mich., is facing child molestation charges. Mr. Brooks was arrested in Amelia Island, Fla. on Nov. 2, according to Dave Egeler, spokesman for Washtenaw County Sheriff's Dept. The arrest occurred after the police searched Mr. Brooks' Ann Arbor Township home, according to The Ann Arbor News. Mr. Brooks, who is charged with four counts of second-degree criminal sexual misconduct, was extradited to Michigan and arraigned on Nov. 15. He was freed on $15,000 bond and is scheduled to appear before a preliminary hearing on Dec. 11. The two accusers allege that Mr. Brooks assaulted them during a 12-year span dating back to 1995 when Mr. Brooks was working as a volunteer for Big Brothers Big Sisters of Washtenaw County. "Michael categorically denies the allegations against him," Mr. Brooks' attorney Mark Bilkovic said. "We look forward to exposing these two young men in court." Mr. Brooks was placed on leave of absence as soon as the firm became aware of the charges, according to Larry Atorthy, general counsel for Sigma Financial, from the Farmington Hills, MIch. law firm of Kaufman Payton & Chapa. Mr. Atorthy added that the leave will last until the matter is resolved. If convicted, Mr. Brooks could face up to 15 years in prison. Last month, Mr. Brooks was honored by InvestmentNews as a finalist in the 2007 Community Leadership Awards in the category of mentoring excellence. The original headline of this article misidentified Mr. Brooks as chief information officer of Sigma. He is the chief compliance officer for the firm.

Latest News

Easy to buy, harder to exit: The liquidity risk hidden inside ETFs
Easy to buy, harder to exit: The liquidity risk hidden inside ETFs

Getting a client into a fund has never been easier – but after that, the hardest part is yet to come.

FINRA bars NYLIFE rep who used smart glasses to cheat on Series 6
FINRA bars NYLIFE rep who used smart glasses to cheat on Series 6

A former NYLIFE Securities rep was permanently barred after using internet-enabled glasses to cheat on the Series 6 exam

Vanguard settled Just Invest lawsuit weeks before Altruist deal
Vanguard settled Just Invest lawsuit weeks before Altruist deal

Both of Vanguard's acquisitions have targeted the RIA industry, but the first ended in a legal settlement just weeks before buying Altruist.

Ex-Raymond James duo launch Proxima on Concurrent's platform
Ex-Raymond James duo launch Proxima on Concurrent's platform

Chris Davitt and Anupam Singh bring institutional recruiting muscle to a firm built for advisors chasing equity and independence.

Osaic names Sayee Bellamkonda as first chief AI and technology officer
Osaic names Sayee Bellamkonda as first chief AI and technology officer

Appointment continues a wave of AI leadership hires reshaping wealth management as advisory firms race to build out digital and data infrastructure.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income