- July 3, 2019
- Cetera Advisors LLC
Richard L. Pittman is a Financial Advisor at Cetera Advisors LLC in Menphis, TN. Richard Pittman has been in the securities industry since 1997 and previously worked at Investors Capital Corp, Washington Square Securities, Inc. and WMA Securities, Inc.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Richard Pittman has three customer complaints alleging the following sales practice violations:
- October 2018 – “Alleged unsuitability of investments made in 2008.” The customer alleges $300,000 in damages, and the matter is currently pending.
- August 2018 – “Suitability of investments made approximately 10 years ago, in 2008.” The customer alleges $736,000 in damages, and the matter is currently pending.
- October 2016 – “Based on current performance, client alleges that investments made in 2008 were unsuitable.” The matter settled for $200,000.
For a copy of Richard Pittman’s CRD, click https://brokercheck.finra.org/individual/summary/2845145.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]