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Sterne Agee Broker Phillip Cox: Complaints

shutterstock_201329192The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ohio-based Sterne Agee broker/adviser Phillip Cox (CRD# 55898).

Phillip Cox has spent 43 years in the securities industry and has been registered with Sterne Agee Financial Services in Cincinnati, Ohio, since March 2015. Previous registrations include Cambridge Investment Research in Cincinnati (2001-2015); Eneric Financial Services in Fairfield, Iowa (1993-2001); MTL Equity Products in Evanston, Illinois (1990-1993); Washington National Equity Company in Evanston, Illinois (1987-1990); WS Griffith & Company in (1983-1987); Massachusetts Mutual Life Insurance Company (1977-1983); American Variable Annuity Life Assurance Company (1973-1976); SMA Equities (1973-1976); and Travelers Equities Sales (1971-1973).

According to his BrokerCheck report, Phillip Cox is the subject of one customer complaint, one regulatory sanction, and three customer complaints that were denied or withdrawn.

In 2014 a customer alleged Phillip Cox, while employed at Cambridge Investment Research, made unsuitable investment recommendations. The customer sought $1,000,000 in damages in the complaint, which was denied.

In 2008 a customer filed a complaint against Phillip Cox, while he was employed at Cambridge Investment Research, alleging he was not made aware that insurance premiums could increase. The customer sought unspecified damages in the complaint, which was withdrawn.

In 2007 a customer alleged Phillip Cox, while employed at Cambridge Investment Research, unsuitably recommended several annuities. The customer sought $118,391 in damages in the complaint, which was denied.

In 1996 the National Association of Securities Dealers (NASD) sanctioned Phillip Cox following allegations he engaged in private securities transactions without providing written notice to, or receiving approval from, his member firm, Washington National Equity. Mr. Cox was censured and issued a fine of $15,000.

In 1992 a customer alleged Phillip Cox, while employed at Washington National Equity, sold interests in two securities away from his member firm. The complaint settled for $36,000.

If you have lost money investing with Phillip Cox, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta accepts all cases on contingency: we only receive payment 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.