Erez Law is interested in speaking with investors who may have suffered losses due to investments with RBC Capital Markets, LLC broker Christopher Phillips (CRD# 4761544). Phillips has been registered with RBC Capital Markets, LLC in Stamford, Connecticut since 2018. Previously, Phillips was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Greenwich, Connecticut from 2004 to 2018.
Phillips has been the subject of one customer complaint, according to his CRD report:
November 2020. “The claimant alleged he suffered a net loss of more than 65% of his Employee Pension IRA Account value due to the FA’s failure to properly diversify the account and by their discretionary purchase of single company stocks almost all in oil and gas or energy sectors that were not appropriate for the client’s objectives or risk tolerance.” The customer is seeking $367,452 in damages and the case is currently pending. The complaint was regarding oil and gas investments and took place while Phillips was registered with RBC Capital Markets, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, FIRM may be liable for investment or other losses suffered by Phillips’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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