Richard Pittman, Broker for Cetera Advisors, Named in Dispute Over Suitability

Richard Pittman is the subject of a customer dispute seeking $150,000 for alleged unsuitable investment recommendations.

The Sonn Law Group is investigating allegations that Richard Pittman committed misconduct. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

Richard Pittman (CRD#: 2845145)is currently the subject of a pending customer dispute in which the complainant alleged that Pittman recommended unsuitable investments in 2008. The complainant is seeking $150,000 in damages. Pittman denied these allegations, stating that the investments were suitable at the point of sale.

Pittman has three settled customer disputes on his BrokerCheck report.

• October 2018 — The claimant alleged unsuitable investments were made in 2008. The matter was settled for $45,000.
• August 2018 — The claimant alleged unsuitable investments were made in 2008. The matter was settled for $95,000.
• October 2016 — The claimant alleged that based on the current performance, investments made in 2008 were unsuitable. The matter was settled for $75,000.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.