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Shearson broker Philip Lefton: Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Florida-based Shearson broker Philip Lefton (CRD# 2945659).

Philip Lefton has spent sixteen years in the securities industry and has been registered with Shearson Financial Services in Boca Raton, Florida since 2015. Previous registrations include Buckman Buckman & Reid in Boca Raton (2013-2014); Newbridge Securities in Boca Raton (2006-2013); Capital Growth Financial in Boca Raton (2003-2006); J.B. Hanauer & Company in Parsippany, New Jersey (1998-2003); and Golden Harris Capital Group in West Orange, New Jersey (1998). One of Philip Lefton’s former employers, Capital Growth Financial, has since been expelled by FINRA. Mr. Lefton is a registered broker in four US states: Florida, Maryland, New York, and Ohio.

According to his BrokerCheck report, Philip Lefton is the subject of one customer complaint and four pending customer complaints, and has been discharged from J.B. Hanauer & Company.

In 2015 a customer alleged Philip Lefton, while employed at Capital Growth Financial, breached his fiduciary duty and recommended unsuitable investments in oil and gas and real estate securities. The customer is seeking $500,000 in damages in the pending complaint.

In 2012 a customer alleged Philip Lefton, while employed at Newbridge Securities, misrepresented material facts related to an investment. The customer is seeking $12,000 in damages in the pending complaint.

In 2003 Philip Lefton was terminated from J.B. Hanauer & Company following allegations he violated firm advertising rules.

In 2001 a customer alleged Philip Lefton, while employed at J.B. Hanauer & Company, misrepresented material facts related to an investment. The customer is seeking $9,300 in the pending complaint.

In 2000 a customer alleged Philip Lefton, while employed at J.B. Hanauer & Company, recommended an unsuitable investment. The customer is seeking more than $22,000 in damages in the pending complaint.

In 2012 a customer alleged Philip Lefton, while employed at Newbridge Securities, misrepresented material facts related to an unsuitable investment. The complaint settled for $32,500.

If you have complaints regarding Philip Lefton, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.