A recent investor complaint against Valencia, California financial advisor Richard Brittain (CRD# 5928857) alleges that his conduct resulted in losses....Read More
Tommy Pusser: Capital Cities Advisor Has Oil & Gas Complaint
Richmond, Virginia financial advisor Tommy Pusser (CRD# 4687904) allegedly recommended an unsuitable oil and gas investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker with Triad Advisors and an investment advisor with Capital Cities Investments.
Mr. Pusser’s BrokerCheck report discloses one investor complaint. Filed in June 2022, it alleges that as a representative of Triad Advisors, he recommended and sold an unsuitable alternative investment in an oil and gas product. The pending complaint alleges unspecified damages believed to exceed $5,000.
FINRA’s suitability rule stipulates that stockbrokers must “have a reasonable basis to believe” the investments and strategies they recommend are appropriate for their clients. FINRA Rule 2111 explains that brokers must make their decisions about an investment’s suitability “on the information obtained through reasonable diligence of the firm or associated person to ascertain the customer’s investment profile.” That profile includes the customer’s age, financial situation, risk tolerance, liquidity needs, and other factors. “A broker’s ‘recommendation,’ which is based on the facts and circumstances of a particular case, is the triggering event for application of the rule,” the rule states.
According to the Financial Industry Regulatory Authority, Tommy Pusser holds 18 years of securities industry experience. Based in Richmond, Virginia, he has been a broker with Triad Advisors and an investment advisor with Capital Cities Investments since 2005. He was previously registered with Mutual Service Corporation in Boston, Massachusetts (2003-2005). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Florida, Massachusetts, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, and Virginia. (Information current as of September 3, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.