DID ANTHONY JOHN PITTA CAUSE YOU INVESTMENT LOSSES?
Anthony Pitta Formerly With Capital Investment Group, Inc. Has 11 Customer Complaints For Alleged Broker Misconduct
About Anthony Pitta formerly with Capital Investment Group, Inc.?
Anthony Pitta (CRD #1958029) has been in the financial services industry since 1989, demonstrating over three decades of experience. Throughout his career, Mr. Pitta has passed 3 general industry/product exams and 2 multi-state securities law exams. His most recent registration was with Capital Investment Group, Inc., where he was registered from July 2010 until January 2024. Prior to that, he was affiliated with firms such as Park Avenue Securities LLC and Guardian Investor Services Corporation. Although Mr. Pitta is no longer currently registered with any firm, his extensive career has involved various roles and responsibilities in the financial sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Anthony Pitta Customer Complaints and Reviews
- Customer Disputes: 11 Incidents
- Case 1 (June 20, 2023): Customers alleged that Mr. Pitta recommended unsuitable investments in GWG Holdings, leading to claims of breach of fiduciary duty and negligence. The case was settled on July 31, 2024, for $65,000.
- Case 2 (June 6, 2023): Another dispute involved similar allegations related to GWG Holdings investments, resulting in a settlement of $135,184.92 on April 1, 2024.
- Case 3 (September 20, 2022): A customer claimed that a $100,000 investment in GWG Holdings was unsuitable. The case was settled on September 21, 2023, for $50,000, with Mr. Pitta personally contributing $25,000 to the settlement.
- Case 4 (July 6, 2022): Allegations of misrepresentation of risks associated with an investment led to a settlement of $295,000 on July 31, 2023, with Mr. Pitta contributing $125,000.
- Pending Disputes: 4 Incidents
- Case 1 (July 18, 2024): A customer dispute related to an investment in GWG Holdings, alleging breach of fiduciary duty and negligence, with claimed damages of $60,000. This case is currently pending.
- Case 2 (June 24, 2024): A similar case involving allegations of breach of fiduciary duty and negligence concerning a $50,000 investment is still pending.
- Case 3 (June 21, 2024): Another pending case involves claims of breach of fiduciary duty and negligence related to a $45,000 investment in GWG Holdings.
Allegations Against Anthony Pitta
- Customer Dispute Allegations:
- Unsuitability and Misrepresentation: Multiple customer disputes involve allegations that Mr. Pitta recommended unsuitable investments, particularly in GWG Holdings, and failed to disclose the risks associated with these investments.
- Breach of Fiduciary Duty and Negligence: Several cases accuse Mr. Pitta of breaching his fiduciary duty and acting negligently in advising clients, particularly with regard to investments that later led to significant losses.
- Failure to Disclose Material Information: Allegations also include claims that Mr. Pitta did not adequately inform clients about the risks and nature of the investments, leading to financial harm.
Anthony Pitta Red Flags & Your Rights As An Investor
Of course, Anthony Pitta did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Anthony Pitta at Capital Investment Group, Inc. on alert to review carefully the activity and performance of their accounts and question whether Anthony Pitta has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Capital Investment Group, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Capital Investment Group, Inc. Due To Anthony Pitta
If you have questions about Capital Investment Group, Inc. and/or Anthony Pitta and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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