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Business ProfileforSigue Corporation
Current Alerts For This Business
Thursday, April 18, 2024 CHICAGO – The Illinois Department of Financial and Professional Regulation (IDFPR) has announced Sigue Corp. will cease to provide money transmission services in Illinois, as the company can no longer responsibly serve customers due to its declining financial position. Illinois joins 38 other states, along with Puerto Rico and the District of Columbia, in this consent order after Sigue failed to satisfy outstanding money transmission liabilities, violating state law.
Sigue is a state-regulated money transmission company licensed in Illinois and 48 other states (NMLS ID 915912). Over the past several months, Sigue experienced significant financial deterioration, leading to the company failing to complete multiple money orders and transmissions, and failing to maintain adequate net worth and assets to cover outstanding liabilities. Both are violations of Illinois money transmission law (205 ILCS 657/80). As part of the consent order, Sigue must preserve and provide access to all books and records, including information on affected customers.
“This coordinated effort means consumers are protected across state lines and will be able to be assisted, no matter where they live,” said IDFPR Secretary Mario Treto, Jr. “While an agreement has been reached nationally, Illinois has preserved its ability to take additional actions on consumers’ behalf and will do so as investigations continue.”
Consumers who have been affected or believe they may have been affected should file a complaint against Sigue with the Division of Financial Institutions by completing and submitting an online Financial Institutions Complaint Form, which may be found on IDFPR’s website here. Consumers should be sure to select “Money Transmitters” as the Complaint Division.
At-a-glance
Related Categories
Business Details
This is a multi-location business.
- Headquarters
- 13190 Telfair Ave, Sylmar, CA 91342-3573
- BBB File Opened:
- 9/18/2015
- Business Incorporated:
- 6/13/2000
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.BBB records show a license number of C2238552 for this business, issued by Secretary of State-Corporations
These agencies may include:
Secretary of State-Corporations
1500 11th Street
Sacramento CA 95814
- Type of Entity:
- Corporation
Customer Complaints
18 Customer Complaints
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File a ComplaintMost Recent Customer Complaint
07/03/2024
- Complaint Type:
- Product Issues
- Status:
- Unanswered
Customer Reviews
4 Customer Reviews
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Most Recent Customer Review
Artice V
03/06/2024
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