Richard Todd Tuloch, a.k.a. Richard Todd Culberg, Allegedly Made Unsuitable Recommendations of Illiquid REIT’s which Were Purportedly Unsuitable for a Client’s Risk Tolerance

Richard Todd Tuloch, a.k.a. Richard Todd Culberg, allegedly recommended large concentrations of illiquid REITs which were unsuitable for a customer’s risk tolerance, according to a Pending Customer Dispute under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on April 4, 2019, FINRA states, and damages of $300,000 have been requested.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Richard Todd Tuloch’s alleged unsuitable recommendations. Investors who believe they may have lost money in activity related to Richard Todd Tuloch’s alleged unsuitable recommendations are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Richard Todd Tuloch Also Allegedly Falsified Customer’s’Net Worth Disclosure on each Purchase & Allegedly misrepresented non-traded REITs as Safe & Secure

Richard Todd Tuloch also allegedly falsified said customer’s net worth disclosure on each purchase, according to the aforementioned Pending Customer Dispute.

Customers further claim that Tulloch allegedly misrepresented non-traded REITs as safe, secure, and would continually return distributions, according to Tuloch’s FINRA BrokerCheck Report.

Richard Todd Tuloch has only one disclosure on his FINRA BrokerCheck Report, and was registered with two  firms during his nine years in the securities industry, including the following:

  • Wayne Hummer Investments LLC, Itasca, IL— January 16, 2009 to October 27, 2017
  • Chase Investment Services Corp., Glenview, IL— August 4, 2006 to March 29, 2007

Richard Todd Tuloch currently does not have any state licenses, FINRA reports, and is not currently registered with a FINRA-member firm, and no mention is made of any formal professional designations on Tuloch’s BrokerCheck Report.

Also, a pending disclosure event involves allegations that have not been proven or formally adjudicated, FINRA states.

Finally, 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 mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Richard Todd Tuloch’s alleged unsuitable recommendations. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Richard Todd Tuloch’s alleged unsuitable recommendations may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at, or through the contact form on this webpage.

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