Investment Loss Options Due to Morgan Stanley Broker Ron Phillips

Morgan Stanley

There are options for clients of Morgan Stanley broker Ron Phillips (CRD# 2823393) who suffered investment losses due to managed accounts. He has been registered with Morgan Stanley in Walnut Creek, California since 2009. 

Ron Phillips Customer Complaints

Ron Phillips has been the subject of five customer complaints between 2001 and 2021, according to his CRD report. The most recent complaint was regarding: 

October 2021. “Claimant alleged, inter alia, that FA’s management of his accounts was not in his best interest – May 2008 to February 2014.” The customer is seeking $250,000 in damages and the case is currently pending. The complaint was regarding a managed wrapped account. 

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, Morgan Stanley may be liable for investment or other losses suffered by Ron Phillips’ 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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.