Jeffrey L. Rittberger—Recommendation of UITs without Reasonable Basis for Believing They Were Suitable Investments
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 Jason Kane.
The Peiffer 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 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 Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.