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Philip Norris Smith with Equitable Advisors, LLC Has 5 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years

Who is Philip N. Smith with Equitable Advisors, LLC?

Philip Smith (CRD #2833891) who is currently registered with Equitable Advisors, LLC and located in Woodland Hills, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Equitable Advisors, LLC, Philip Smith was associated with 2 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Equitable Advisors, LLC Broker Misconduct

In his career, Philip Smith has been the subject of 5 customer complaints that we know about, 3 of those complaints were filed in the last two years to recover investment losses. One of Philip Smith’s 5 customer complaints was settled in favor of investors. Two of the customer complaints were denied by his former employer, and to date, the customers have not taking any further action. There are currently two pending customer complaints filed against Philip Smith’s current employer Equitable Advisors, LLC for investment losses caused by his alleged misconduct.

Allegations Against Philip Smith  

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

  • Client alleges father purchased a variable annuity based on the income and death benefit guarantees that was misrepresented.
  • Client alleges advisor misrepresented universal life insurance policy premiums.
  • Claimants allege registered representative made unsuitable recommendations to transfer from fixed to variable annuity.
  • Client alleges he was not adequately informed of the terms and benefits of his irrevocable life insurance trust.

Philip Smith Red Flags & Your Rights As An Investor

Of course, Philip Smith 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 Philip Smith at Equitable Advisors, LLC on alert to review carefully the activity and performance of their accounts and question whether Philip Smith has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Equitable Advisors, LLC also raises questions about 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 Equitable Advisors, LLC  

If you have questions about Equitable Advisors, LLC and/or Philip Smith 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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