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Investors Allege Art Littlefield Made Unsuitable Recommendations

Apr 14, 2022 Unsuitable Investments

Art Littlefield (CRD #: 2718449), a broker registered with Lincoln Financial Advisors, is involved in a pending dispute, according to his BrokerCheck record, accessed on April 8, 2022. If you have questions about Art Littlefield’s conduct as a broker, read on.

Allegations of Unsuitable Investment Recommendations

In a pending dispute filed on March 1, 2022, investors allege that Art Littlefield recommended an unsuitable investment in an oil and gas program. They seek $50,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 governs what kinds of recommendations brokers can make. Brokers’ recommendations must take into account clients’ tax status, risk tolerance, and other factors in an investor’s profile. Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

Criminal Charge

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

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 info@kurtalawfirm.com 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.