Our firm is investigating Park Avenue Securities LLC broker and investment adviser Aaron M. Puttroff (CRD# 5387158) of San Diego, California, for potential investment-related misconduct involving a pending customer dispute alleging unsuitable mutual fund recommendations
Financial Advisor’s Career History
Aaron M. Puttroff has been registered with Park Avenue Securities LLC (CRD# 46173) since 2007 and continues to operate from the firm’s San Diego, California branch. He is licensed as both a General Securities Representative and an Investment Adviser Representative in 29 U.S. states and territories through FINRA and the Nasdaq Stock Market.
His prior investment-related employment includes:
- Park Avenue Securities LLC, Registered Representative (San Diego & La Jolla, CA) – 2007–Present
- Guardian Life Insurance Company of America, Agent/Field Representative – 2007–Present
Mr. Puttroff also reports several outside business activities, including Living Legacy LLC, insurance sales, and participation in professional and civic organizations such as Provisors and Renaissance Executive Forum (REF)
He has successfully passed the Securities Industry Essentials (SIE), Series 7, and Series 66 examinations, and holds the Certified Financial Planner (CFP) designation
Aaron M. Puttroff Fraud Allegations and Investor Complaints Explained
Public disclosures filed with FINRA reveal one pending customer dispute involving Aaron M. Puttroff.
Pending Customer Dispute – Alleged Unsuitable Mutual Fund Recommendations
- Type: Customer Dispute – Pending (FINRA Arbitration)
- Reporting Source: Broker
- Employing Firm: Park Avenue Securities LLC
- Allegations: The customer alleged that the registered representative made unsuitable recommendations regarding mutual fund investments and requested damages for lost opportunity cost.
- Product Type: Mutual Fund
- Date Notice/Process Served: September 5, 2025
- Alleged Damages: $0.00 listed; firm determined exposure could exceed $5,000
- Forum: FINRA Arbitration
- Case No.: 25-01809
- Status: Pending – no adjudication or settlement reported as of the latest update
Key Disclosure Summary
- Pending customer dispute alleging unsuitable mutual fund recommendations
- Estimated damages exceeding $5,000
- FINRA arbitration pending under Case No. 25-01809
- Allegations are contested and have not been proven
- No finalized award, judgment, or settlement reported
Investors should note that FINRA BrokerCheck may list pending complaints that have not been adjudicated. Such allegations may ultimately be denied, dismissed, or resolved without any finding of misconduct.
To obtain a copy of Aaron M. Puttroff’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 – Suitability
FINRA Rule 2111 requires brokers to have a reasonable basis to believe that investment recommendations are suitable for the customer’s financial situation, objectives, and risk tolerance.
If Mr. Puttroff recommended mutual funds without sufficient due diligence or failed to align them with client goals and liquidity needs, such conduct could constitute a Rule 2111 violation.
FINRA Rule 2010 – Standards of Commercial Honor and Principles of Trade
FINRA Rule 2010 requires all brokers to observe high standards of commercial honor and just and equitable principles of trade. Allegations of unsuitable recommendations or omissions that place broker interests over client welfare may breach this ethical rule.
FINRA Rule 3110 – Supervision
FINRA Rule 3110 mandates that brokerage firms establish supervisory systems to ensure compliance with industry standards. Park Avenue Securities LLC could face scrutiny if it failed to detect or prevent unsuitable mutual fund sales or failed to investigate customer complaints adequately.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.