Anthony John Pitta, a currently registered broker and investment adviser in Melville, NY, is subject to multiple customer dispute disclosures alleging unsuitability, negligence, and breach of fiduciary duty, among others, according to his Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding Pitta’s customer dispute disclosures. Investors who are concerned about their investments with Anthony Pitta may contact Alan Rosca for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our webpage.
Pitta’s Brokercheck Reveals Multiple Customer Dispute Disclosures
Two customer dispute disclosures were reportedly recorded in June of 2023. A customer dispute disclosure received on June 6th alleged unsuitability, fraud, failure to supervise, and negligence, among others, in connection with investments in GWG Holdings, and the customer requested $250,000 in alleged damages (Case #: 23-01393). A customer dispute disclosure dated June 20th alleged among others, breach of contract, negligence, and breach of fiduciary duty in connection with GWG Holdings investments, requesting $175,000 in alleged damages (Case #: 23-01767).
Pitta was reportedly subject to a customer dispute disclosure received in May of 2023. The claimant alleged that an American Realty Capital’s New York City REIT investment was unsuitable and requested $26,000 in damages. The reported settlement was $7,500.
A customer dispute disclosure was allegedly filed in September of 2022 (Case #: 22-02139). The claimant alleged breach of fiduciary duty and unsuitability in connection with GWG Holdings investment, among others, and requested $100,000 in alleged damages.
In July of 2022, a customer dispute disclosure was reportedly filed and alleged misrepresentation regarding the risk of an investment (Case #: 22-01516). The claimant requested $625,000 and accepted $295,000 to settle the claim, of which $125,000 is described as “Individual Contribution”, Pitta’s Brokercheck Report shows.
Concerned about investments with
Anthony Pitta Has Been a Registered Broker Since 1989
According to his Brokercheck, Anthony Pitta has been registered as a broker with Capital Investment Group, Inc., located in Melville, New York, since 2010. He additionally has served as an investment adviser with Capital Investment Advisory Services, LLC, since 2010.
From 2005 to 2010, Pitta reportedly was an investment adviser with Park Avenue Securities LLC, in Woodbury, New York. Pitta allegedly served as a broker with the firm from 1999 to 2010.
Pitta reportedly was employed as a broker by Guardian Investor Services Corporation, in New York, New York, from 1993 to 1999.
Potential Compensation May Be Available for Concerned Pitta Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding currently registered broker and investment adviser Anthony Pitta’s customer dispute disclosure alleging negligence and unsuitability, among others.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment lawyer and former adjunct professor of securities regulation, has over 14 years of experience representing investors in cases alleging broker misconduct.
Investors who are concerned about their investments with Anthony Pitta may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our webpage.
It is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by Anthony J. Pitta, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
