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Timothy Pittman Permanently Barred by FINRA

According to records provided by the Financial Industry Regulatory Authority (FINRA), former California-based Signature Financial Group broker Timothy Pittman has been permanently barred from associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Pittman (CRD# 2955718).

Timothy Pittman has spent eleven years in the securities industry and was most recently registered with Signature Financial Group, which offers securities through Cambridge Investment Research, in Torrance, California (2006-2010). Previous registrations include First Montauk Securities in Chico, California (2001-2006); First Securities USA in Irvine, California (1999-2001); Mutual Securities in Camarillo, California (1999); and Dean Witter Reynolds in Purchase, New York (1998-199). He is currently not registered with any state or firm.

shutterstock_164764706According to his BrokerCheck report, Timothy Pittman is the subject of one regulatory sanction and two pending customer complaints. He was additionally discharged from his position at Signature Financial Group.

In 2011 FINRA sanctioned Timothy Pittman following allegations he borrowed money from a customer of his member firm, Signature Financial Group, in contravention of firm policy, failed to repay the $30,000 loan, and failed to provide on-the-record testimony regarding his sale of a company’s notes. Mr. Pittman was issued a permanent bar from the securities industry.

In 2010 a customer alleged Timothy Pittman, while employed at Signature Financial Group, breached his fiduciary duty and committed constructive fraud. The customer is seeking $777,000 in the pending complaint.

In 2010 Timothy Pittman was terminated from his position at Signature Financial Group following allegations he borrowed money from a client and failed to repay it.

In 2002 a customer alleged Timothy Pittman, while employed at First Securities USA, made an unsuitable investment recommendation. The customer is seeking $5,000 in damages in the pending complaint.

If you have lost money investing with Timothy Pittman, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.