Jeffrey L. Rittberger—Recommendation of UITs without Reasonable Basis for Believing They Were Suitable Investments

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Jeffrey L. Rittberger Allegedly Participated in the Recommendation of UIT Purchases without Reasonable Basis for Such Investments as Suitable for Investors

Jeffrey L. Rittberger allegedly participated in the recommendation of purchases of municipal unit investment trusts (UITs) totaling approximately $198,000 to five customers, according to a recent FINRA Letter of Acceptance, Waiver and Consent currently under review by attorneys Joe Peiffer and Alan Rosca.

The Peiffer Rosca Wolf securities lawyers are currently investigating Jeffrey L. Rittberger’s alleged participation in the unsuitable recommendation of investments and are preparing to assist investors.

Jeffrey L. Rittberger was registered as an investment company and variable contracts representative with The Huntington Investment Company from January 2011 through April 4, 2014, when he was terminated for allegedly violating a firm policy, the AWC notes.

Jeffrey L. Ritberger Suspended and Fined $10K by FINRA

Jeffrey L. Rittberger allegedly participated in said recommendations without having a reasonable basis for believing these recommendations were suitable, the AWC reports. Rittberger, accordingly, purportedly did not have a reasonable basis to recommend the UITs to the customers, the AWC reports.

As a result, Jeffrey L. Rittberger allegedly violated FINRA Rules and thus has been suspended and fined $10,000 by FINRA, the AWC notes.

One should also note that, according to the AWC, Jeffrey L. Rittberger 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 unsuitable recommendations. They are currently investigating Jeffrey L. Rittberger’s alleged unsuitable recommendations, and are preparing to assist investors. 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 Jeffrey L. Rittberger’s alleged unsuitable recommendations 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 (1123 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.