Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 6, 2016 indicate that Texas-based Merrill Lynch broker/adviser Thomas Phillips Jr., also known as Jay Phillips, is the subject of a pending FINRA complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Phillips (CRD# 2915516).
Thomas Phillips has spent eighteen years in the securities industry and has been registered with Merrill Lynch in Austin, Texas since June 2016. Previous registrations include Wells Fargo Advisors in Austin, Texas; Chase Investment Services in Austin, Texas; First Avantus Securities in Austin, Texas; Essex National Securities in Napa, California; Linsco/Private Ledger in Boston, Massachusetts; Morgan Stanley DW in Purchase, New York; First Avantus Securities in Austin, Texas; and the Avantus Group in Austin, Texas. He is a registered broker and investment adviser with five US states: California, Nevada, Oregon, Texas, and Washington.
According to his BrokerCheck report, Thomas Phillips has received one customer complaint and is the subject of a pending FINRA complaint.
In June 2016 Thomas Phillips was named respondent in a FINRA complaint alleging he “willfully failed to timely disclose a felony charge on his Form U4” and additionally “made a false attestation to his member firm on an annual compliance questionnaire in which he failed to disclose the felony charge.” The action remains pending.
In 2013 a customer alleged Thomas Phillips, while employed at Wells Fargo Advisors, misled him in connection to a mutual fund investment. The complaint settled for $1,407.
In 2007 a customer alleged Thomas Phillips, while employed at Chase Investment Services, failed to follow instructions. The customer sought unspecified damages in the complaint, which was closed.
If you have lost money investing with Thomas Phillips Jr., 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 takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.