Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Samuel Phillips (Phillips), currently associated with Cape Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Phillips recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $50,000.00 on March 27, 2024.
Customer alleges misrepresentation of product and risks, over concentration, negligence, lack of due diligence and supervision.