Can I recover losses from Triad Advisors LLC broker Patrick Chitwood (CRD# 871271) who is accused of unsuitable investment recommendations related to alternative investments? He has been registered with Triad Advisors LLC in Asheville, North Carolina since November 2021. Previously, he was registered with Arkadios Capital in Atlanta, Georgia from 2017 to 2021 and with ACG Wealth Inc. in Asheville, North Carolina from 2011 to 2021.
Patrick Chitwood Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2022. “Claimant alleges negligence, overconcentration, and unsuitable recommendations with regard to alternative investments.” The customer is seeking $1 million in damages and the case is currently pending. The complaint was regarding direct investments and real estate securities and it took place while he was registered with Triad Advisors LLC and Arkadios Capital.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Triad Advisors LLC may be liable for investment or other losses suffered by Patrick Chitwood’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.