INVESTORS: Capital Investment Group broker Anthony John Pitta is facing a pending customer dispute alleging unsuitable investment recommendations.
Anthony John Pitta (CRD: 1958029) is registered as a broker and investment adviser with Capital Investment Group, where he’s been employed since 2010. Pitta was previously registered as a broker with Park Avenue Securities from 1999 until 2010.
Pitta has three disclosures on his BrokerCheck report. One customer dispute filed against Pitta was closed with no action taken.
September 2022 Customer Dispute
Allegations: In April, 2021, [REDACTED] and [REDACTED] purchased $100,000 of GWG Holdings, Inc. in a joint account. Although the purchase was made by both [REDACTED], only [REDACTED] was a named claimant in the Statement of Claim. The allegations included unsuitability of the investment for the claimant, breach of fiduciary duty by the firm and, material misrepresentations and omissions of information to the client.
Damage Amount Requested: $100,000.00
July 2022 Customer Dispute
Allegations: Misrepresentation of the risk and nature of the security purchased. For the purpose of full transparency, although the representative was not named as a respondent, he was clearly referenced in the Statement of Claim.
Damage Amount Requested: $625,000.00
The Sonn Law Group is currently investigating allegations surrounding Anthony John Pitta. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.