Anthony John Pitta (CRD #1958029), a New York-based registered broker and investment adviser with Capital Investment Group, INC. is currently being investigated for his recommendation and sale of GWG L Bonds. Investors who lost money in the GWG L Bonds are strongly encouraged to contact an experienced investment fraud lawyer.At Meyer Wilson, we provide dedicated representation for investors who have sustained financial losses related to unsuitable investment recommendations. We represent dozens of GWG L Bond investors across the country. If you invested in GWG L Bonds, you may only have a limited amount of time to recover damages. Contact our office today at (866) 362-2644 to schedule a free consultation.
The BrokerCheck report filed on behalf of Anthony John Pitta shows a total of six disclosures. Two of which are related to unsuitable investments, while the remaining four are active customer disputes regarding investments in GWG L Bonds.
Four customers have accused Pitta of making unsuitable investment recommendations which resulted in substantial losses. According to the report, the unsuitable investments in question were GWG L Bonds. The customers are requesting damages in excess of $1.15 million.
GWG L Bonds are risky, illiquid investments. They have suspended interest payments and redemptions crippling investors, and GWG Holdings has filed for bankruptcy. Individuals who invested in GWG L Bonds should speak to an attorney immediately about their legal options.
n addition to the pending disputes against Pitta, there have also been two other claims filed against the broker, one of which was settled for a substantial amount.
The settled claim related to an investment in American Realty Capital's New York City REIT, which was alleged to be unsuitable in nature.
Background of Anthony John Pitta
Pitta has 34 years of experience and has worked for multiple firms. He is currently listed as a registered representative of Capital Investment Group, Inc., but was previously employed with Park Avenue Securities, LLC. He has passed five securities exams and holds 10 state licenses.
If you had investment losses related to GWG L Bonds or another unsuitable recommendation, we might be able to help. Contact our office today to schedule a free, no-obligation consultation. Call (866) 362-2644 to speak directly with an attorney. We proudly serve clients nationwide.