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Vanderbilt Securities, LLC and Gitterman Wealth Management, LLC Broker Jeffrey Gitterman Investment Loss Options

Posted on Monday, August 2nd, 2021 at 6:43 pm    

Vanderbilt Securities

There are options for customers of New Jersey broker Jeffrey Gitterman (CRD# 1910332), who suffered investment losses. Gitterman has been registered with Vanderbilt Securities, LLC in Edison, New Jersey since 2017 and with Gitterman Wealth Management, LLC in Edison, New Jersey since 2010.

Gitterman has been the subject of three customer complaints between 2019 and 2021, according to his CRD report:

June 2021. “Claimant alleges that the recommendation of an investment in 2014 was not in keeping with the client’s objectives, and that the review of the product and disclosures to the client were not adequate.” The case is currently pending. The case was regarding direct investments and took place while Gitterman was registered with Triad Advisors LLC.

February 2020. “Claimant seeks recovery for an allegedly unsuitable investment strategy beginning on or about 2014.” The customer sought $4,985,679 in damages and the case was settled for $300,000. The case was regarding direct investments and hedge funds and took place while Gitterman was registered with Triad Advisors LLC and Vanderbilt Securities, LLC.

October 2019. “Respondents allege negligent and unsuitable investment recommendation.” The customer sought $220,000 in damages and the case was settled for $55,000. The case was regarding direct investments and took place while Gitterman was registered with Triad Advisors LLC and Vanderbilt Securities, LLC.

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, Vanderbilt Securities, LLC and Gitterman Wealth Management, LLC may be liable for investment or other losses suffered by Gitterman’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.