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Richard Tulloch Of Avatar Securities And Formerly With Wayne Hummer Investments Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Richard Tulloch of Avatar Securities?

Richard Tulloch (CRD #5180553) who is currently registered with Avatar Securities and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Avatar Securities, Richard Tulloch was associated with Wayne Hummer Investments and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Richard Tulloch Customer Complaints

Richard Tulloch has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Richard Tulloch’s 2 customer complaints was settled in favor of investors. There is currently one pending customer complaint filed against Wintrust Investments for investment losses caused by Richard Tulloch’s alleged misconduct.

Allegations Against Richard Tulloch

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Clients alleged that a particular investment allocation was unsuitable for their risk tolerance and that Richard Tulloch misrepresented the investment.
  • Richard Tulloch allegedly inflated client’s net worth to justify concentrated recommendation in non-traded REITs.

Richard Tulloch Red Flags & Your Rights As An Investor

Of course, Richard Tulloch did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Richard Tulloch at Avatar Securities and Wayne Hummer Investments on alert to review carefully the activity and performance of their accounts and question whether Richard Tulloch has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Avatar Securities and Wayne Hummer Investments also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Avatar Securities Due To Richard Tulloch

If you have questions about Avatar Securities, Wayne Hummer Investments, and/or Richard Tulloch and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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