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Kevin Phillips Formerly With Securities America And J.W. Cole Financial Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Kevin Phillips formerly with Securities America?

Kevin Phillips (CRD #1591468) who was formerly registered with Securities America and located in Phoenix, Arizona is a subject of one of our many securities industry sales practice abuse investigations. Prior to Securities America, Kevin Phillips was associated with J.W. Cole Financial and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Kevin Phillips Customer Complaints

Kevin Phillips has been the subject of 4 customer complaints that we know about. Two of Kevin Phillips’ 4 customer complaints were settled in favor of investors. Two of Kevin Phillips’ customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Kevin Phillips

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

  • Claimant alleged that Kevin Phillips made unsuitable recommendations to purchase two private placement REITs and an energy sector investment.
  • Client alleged Kevin Phillips misrepresented the mutual funds into which she invested. Client claimed agent never told her about penalty fees or administrative fees. Client wanted a full refund of what she invested.
  • Client alleged that Kevin Phillips failed to adequately advise him of the risk associated with a recommended REIT.
  • Client alleged Kevin Phillips misrepresented the nature of his real estate investment trust purchase.

Kevin Phillips Red Flags & Your Rights As An Investor

Of course, Kevin Phillips 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 Kevin Phillips at Securities America and J.W. Cole Financial on alert to review carefully the activity and performance of their accounts and question whether Kevin Phillips has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Securities America and J.W. Cole Financial 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 Securities America Due To Kevin Phillips

If you have questions about Securities America, J.W. Cole Financial, and/or Kevin Phillips 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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