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Investors Allege Art Littlefield Recommended Unsuitable Oil and Gas Investments

Art Littlefield (CRD #: 2718449), a broker registered with Lincoln Financial Advisors, is involved in two pending investor disputes, according to his BrokerCheck record, accessed on October 2, 2022. If you want to learn more about his conduct as a broker, read on.

Investor Disputes

Disputes filed on March 1 and July 27, 2022, allege that Art Littlefield recommended unsuitable investments in oil and gas programs. Investors seek a collective $100,000 in these pending disputes.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile contains information about their risk tolerance, tax status, and financial goals.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Criminal Charge

On February 2, 2022, Art Littlefield pled guilty to a misdemeanor charge.

Background Information

Art Littlefield has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Art Littlefield is a registered broker in 14 states and a registered investment adviser in Illinois and Texas.

He previously worked for Cigna Financial Advisors (CRD#:145).

Kurta Law Can Help

If you worked with Art Littlefield and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.