January 2020- Memphis, TN
The FINRA records of Richard L. Pittman, a stockbroker employed by Cetera Advisor , disclose a pending customer dispute and 3 prior customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In October 2018 a customer of Pittman’s prior employer ,Investors Capital Corp., was paid $45,000 in FINRA case #18-03516 to resolve allegations that Pitman made unsuitable investment recommendations.
In August of 2018, a customer of Investors Capital Corp. was paid $95,000 in FINRA case #18-02571 to resolve allegations that Pittman made unsuitable investments.
In 10/2016, an Investors Capital Corp. customer was paid $75,000 in FINRA case #17-00699 to resolve allegations that Pittman made unsuitable investment recommendations in oil & gas and real estate securities .
In pending FINRA case #19-02785 an Investors Capital Corp. customer alleges suitability of investments made in 2008 and i seeking damages of $150,000.
Pittman has been employed by Cetera Advisors since October of 2016. From August of 2008 until October 2016 he was with Investors Capital Corp.
If you have questions about an account handled by Richard Pittman at Investors Capital or Cetera call for a no charge consultation to learn more about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900