Were you the victim of Emerson Equity LLC broker Phillip Falk (CRD# 2372997)? He has been registered with Emerson Equity LLC in San Mateo, California, since 2021. He was registered with Fourstar Wealth Advisors, LLC in Lake Forest, Illinois, from 2020 to 2021, Center Street Securities, Inc. in Lake Forest, Illinois, from March to June 2021, Great Point Capital LLC in Chicago, Illinois, from 2017 to 2021, Blueskye Investment Advisers, LLC in Chicago, Illinois, from 2019 to 2020, Great Point Advisors LLC in Chicago, Illinois, from April to December 2018, Paulson Investment Company LLC in Chicago, Illinois, from 2016 to 2017, and Forest Securities, Inc. in Hillside, Illinois, from 2015 to 2016.
Phillip Falk Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2025. “Compensatory damages, breach of written contract, breach of fiduciary duty; negligence and gross negligence; misrepresentations and omissions, violation of FINRA rules; violation of the state securities acts and federal securities laws, violation of Best Interest Obligations. Purchases done between 01/2025 and 05/2025.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Emerson Equity 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, Emerson Equity LLC may be liable for investment or other losses suffered by Phillip Falk’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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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