Brian Lewis Pittman– Private Securities Transaction without Proper Prior Written Notice

Cleveland stockbroker fraud lawyerBrian Lewis Pittman Allegedly Participated in a Private Securities Transaction Involving a Petroleum Company, Permian Advanced Oil Recovery Investment Fund 1 LP, without First Obtaining Prior Written Notice

Brian Lewis Pittman, or around June 1,2013, allegedly participated in a private securities transaction involving a petroleum company, Permian Advanced Oil Recovery Investment Fund 1 LP, without first obtaining prior written notice, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Brian Lewis Pittman allegedly induced a customer to $100,000 in a promissory note offered by Permian Advanced Oil Recovery Investment Fund 1 LP, and Pittman allegedly received compensation from the petroleum company of approximately $4.000, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Brian Lewis Pittman, who, prior to participation in the aforementioned private securities transaction, allegedly failed to provide prior written notice to Westport Resources Investment Services, Inc. regarding his participation and failed to obtain Westport’s approval of his participation in such transaction, the AWC reports.

Brian Lewis Pittman Allegedly Referred Two Customers to Invest $375,000 in Permian Advanced Oil Recovery Investment Fund 1 LP offering, from which Pittman Allegedly Received Compensation to the Tune of Approximately $45,000

Brian Lewis Pittman referred two customers with Westport accounts to who allegedly invested $375,000 in the Permian offering, and, Pittman also participated in said transactions by assisting the customers with the paperwork and Pittman received compensation of approximately $45,000, according to an AWC presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

As a result of the aforementioned conduct, Pittman violated NASD and FINRA Rules and has been fined $10,000 by FINRA and suspended for six months, the AWC notes.

One should also note that, according to the AWC, Brian Lewis Pittman, neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to obtain proper prior approval regarding private securities offerings and are currently investigating Brian Lewis Pittman’s alleged offerings of Permian Advanced Oil Recovery. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Brian Lewis Pittman’s alleged participation in a private securities transaction involving a petroleum company, Permian Advanced Oil Recovery Investment Fund 1 LP, may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1168 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.