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

Goldman leads wave of prediction market bans at financial firms
Goldman leads wave of prediction market bans at financial firms

As Goldman Sachs tightens rules on event contract trading, RIAs and hedge funds are weighing their own policies

Advisor moves: Baird recruits $600M veteran pair to director roles in North Carolina
Advisor moves: Baird recruits $600M veteran pair to director roles in North Carolina

Meanwhile, Wells Fargo lures defectors from UBS and JPMorgan to expand in the East Coast, while another bank aligns itself with RayJay's financial institutions division.

AI may be nudging some older workers into early retirement, study finds
AI may be nudging some older workers into early retirement, study finds

New research suggests AI-exposed workers over 55 are leaving jobs more often than before ChatGPT’s rise.

Wall Street banks promoting AI agents from research aids into digital coworkers
Wall Street banks promoting AI agents from research aids into digital coworkers

Agentic AI is landing in trading, treasury and wealth management roles across major banks, with advisory functions as the next frontier.

People moves: FiNet hires former LPL executive Andrew Harpp, Ellevest names new CIO
People moves: FiNet hires former LPL executive Andrew Harpp, Ellevest names new CIO

Wells Fargo affiliate and women-focused wealth firm both promote leadership as they scale advisor support.

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