Brian Lewis Pittman Suspended for Allegedly Selling Quest Energy Investments without Proper Written Consent from BD Westport
Between April 2011 and June 2011, Brian Lewis Pittman, of sunny Naples, FL, participated in private securities transactions, or to be more exact, the sale of oil and gas limited partnership interests offered by Quest Energy Management Group, Inc., which had not been approved for sale by Westport, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).
As a result of Pittman’s alleged failure to provide prior written notice of his participation in the aforementioned transactions, he violated NASD and FINRA rules, the AWC notes.
Pittman, who entered the securities industry in 1997, has associated with multiple other firms, and was employed by Westport Resources Investment Services, Inc. from February 17, 2010 until his voluntary resignation in October of 2012.
Pittman Referred Westport Clientele to Invest $375,000 in Permian Advanced Oil Recovery Investment Fund, Allegedly
Between April 201 1 and June 2011, Pittman took part in private securities transactions by referring customers with Westport accounts to invest in a limited partnership interest in the Permian Advanced Oil Recovery Investment Fund 1. LP, which was being offered by Quest, the AWC further alleges.
Precisely, Pittman referred two customers with Westport accounts to Quest, clients which invested approximately $375,000 in sum in the Permian offering, according to the AWC. The Permian limited partnership interests are a security.
In addition, FINRA reports that Pittman received compensation from Quest of approximately $45,000, but he returned this compensation to Quest after being instructed to do so by Westport.
Investment Rights Lawyers Investigating
The Peiffer Wolf Carr & Kane investment rights lawyers often represent investors who lose money as a result of investment misconduct. 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 investment misconduct may contact the investment rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Brian Lewis Pittman
Status: INVESTIGATED by Peiffer Rosca.
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