The Seriousness of the Allegation
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On June 20, 2023, a customer dispute was filed against Anthony Pitta of Capital Investment Group, Inc. and Capital Investment Advisory Services, LLC. The complaint centers on the bankruptcy filing of GWG Holdings on April 20, 2022. The allegations include breach of fiduciary duty, violation of Regulation Best Interest, negligent misrepresentation, and breach of contract. The complainant is seeking damages amounting to $175,000.
Breaking down the allegations, a breach of fiduciary duty implies that the advisor did not act in the best interest of the client. Negligence – violation of Regulation Best Interest means the advisor failed to uphold the SEC’s Regulation Best Interest, which requires brokers to act in the best interest of their customers when making recommendations. Negligent misrepresentation refers to the advisor providing false or misleading information, while a breach of contract indicates that the advisor failed to fulfill the terms of the agreement with the client.
Investigations and Legal Assistance
Haselkorn & Thibaut, a leading investment fraud law firm, is currently investigating Anthony Pitta and the company. The firm is offering a free consultation to clients who may have been affected by this situation. Some key points about Haselkorn & Thibaut are:
- They have offices in Florida, New York, North Carolina, Arizona, and Texas.
- They boast over 50 years of experience in investment fraud cases.
- They have a 98% success rate in financial recoveries for investors.
- They operate on a “No Recovery, No Fee” policy.
Clients can reach out to Haselkorn & Thibaut for a free consultation by dialing 1-800-856-3352.
FINRA Arbitration
The Financial Industry Regulatory Authority (FINRA) Arbitration can be a viable option for investors looking to recover losses. This process allows investors to resolve disputes with brokers and brokerage firms. With the help of experienced law firms like Haselkorn & Thibaut, investors can navigate the arbitration process more effectively and increase their chances of recovering their losses.
In conclusion, the allegations against Anthony Pitta and the Capital Investment Group are serious and potentially damaging to investors. It is crucial for affected investors to seek legal assistance promptly. With the expertise of Haselkorn & Thibaut, investors stand a better chance of recovering their losses and holding the responsible parties accountable.
