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Meyer Wilson Investigates Investment Adviser Jeffrey Lewis Gitterman for Unsuitable Investment Recommendations

Jeffrey Lewis Gitterman (CRD # 1910332) is an investment adviser with Vanderbilt Securities, LLC. He was formerly a broker and investment adviser with Triad Advisors, Inc. Gitterman has been the subject of eight customer disputes since 2019. Many of the allegations stem from customer losses as a result of unsuitable investment recommendations. 

Unsuitable investment recommendations involve advising investors to allocate their funds into financial products or strategies that do not align with their risk tolerance, financial goals, or investment profile, potentially resulting in poor performance, excessive risk, or financial harm. Such recommendations neglect to take into consideration the investor's circumstances and needs, undermining the suitability and appropriateness of the suggested investments.

Customer Disputes Filed Against Jeffrey Lewis Gitterman

According to Jeffrey Gitterman’s BrokerCheck report, he has eight public disclosures. The disclosures indicate that Gitterman has been accused of multiple times of unsuitable investment recommendations, negligence, and failing to conduct adequate due diligence.

Settled disputes against Jeffrey Lewis Gitterman include:

  • February 2020: Gitterman allegedly made unsuitable investment recommendations and implemented an inappropriate investment strategy for a customer starting in 2014. The customer had requested damages in the amount of $4,985,679. The dispute was eventually settled for $300,000.
  • December 2021: A complaint was filed alleging that Gitterman made unsuitable recommendations resulting in losses. The customer sought $250,000 in damages. The matter was settled for $85,825.
  • December 2021: A customer dispute alleged that Gitterman failed to conduct adequate due diligence with regard to certain alternative investments, and that the recommendations of the investments were not in keeping with the customer's needs and objectives. The customer requested damages in the amount of $250,000. The claim was settled for $39,372.
  • October 2019: A customer dispute alleged that Gitterman was negligent and recommended and sold unsuitable investments. The customer claimed $220,000 in damages. The matter was settled for $55,000. 

If you believe that your broker or investment adviser engaged in misconduct, you need to speak with an attorney. An attorney can help you determine your legal options.

Your Rights If You Sustained Losses Related to Broker Misconduct

If you were recommended and sold unsuitable investments, you have the right to an attorney. You have the right to pursue a claim for damages against any and all liable parties. You also have the right to hold wrongful parties accountable for their misconduct. 

Did You Suffer Losses After Investing with Jeffrey Lewis Gitterman?

At Meyer Wilson, we represent investors who have suffered losses due to investment fraud or broker misconduct. Our lawyers have secured over $350 million on behalf of clients nationwide. We have represented over a thousand investors and will fight for you and your family.

If you sustained losses after investing with Jeffrey Lewis Gitterman or another broker accused of wrongdoing, you need to contact our office to schedule a free consultation. Call (866) 761-1981 to speak directly with an experienced investment fraud lawyer.

We have decades of combined legal experience and are nationally recognized for our successful litigation and arbitration of investment fraud cases. Do not hesitate. Call now to get started.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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