Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on December 1, 2016 indicate that Virginia-based H. Beck broker/adviser Phylyp Wagner has been the subject of resolved or pending customer disputes. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Wagner (CRD# 735608).
Phylyp Wagner has spent 35 years in the securities industry and has been registered with H. Beck in McLean, Virginia since 1991. Previous registrations include Titan/Value Equities Group in Irvine, California; Kavanaugh Securities in Dallas, Texas; and Cardell & Associates. He is a registered broker and investment adviser with ten US states and territories: Arizona, California, Delaware, the District of Columbia, Florida, Maryland, New York, Rhode Island, South Carolina, and Virginia.
According to his BrokerCheck report, Phylyp Wagner has received two customer complaints and one pending customer complaint.
In October 2016 a customer alleged Phylyp Wagner, while employed at H. Beck, recommended unsuitable investments, failed to supervise, misrepresented material facts related to an investment, committed fraud, acted negligently, and breached his fiduciary duty. The customer is seeking $500,000 in damages in the pending complaint.
In 2014 a customer alleged Phylyp Wagner, while employed at H. Beck, unsuitable recommended the purchase of shares in a non-traded real estate investment trust. The complaint settled for $40,000.
In 1986 a customer alleged Phylyp Wagner participated in the violation of securities laws. The complaint settled for $28,000.
FINRA Rule 3110(a)(2) requires broker-dealer firms to assign “an appropriately registered principal(s)” to perform supervisory duties for every type of business the firm conducts. Principals are required to ensure the compliance of individual representatives as well as the firm as a whole. Relevant issues include the representatives’ character and qualifications, outside employment, and regulation of business transactions. Representatives may not engage in outside business activities or securities transactions without providing written notice to their supervising principals. Principals who fail in their supervisory duties may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Phylyp Wagner, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: Fitapelli Kurta only receives 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.