DID PHILLIP C KAO CAUSE YOU INVESTMENT LOSSES?
Phillip Kao Of Portsmouth Financial Services and Formerly With Woodbury Financial Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Phillip Kao of Portsmouth Financial Services?
Phillip Kao (CRD #4654233) who is currently registered as a broker with Portsmouth Financial Services and located in San Francisco, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Portsmouth Financial Services, Phillip Kao was associated with Woodbury Financial Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Phillip Kao Customer Complaints
Phillip Kao has been the subject of 2 customer complaints that we know about seeking to recover investment losses. LPL Financial denied one of the customer complaints about Phillip Kao’s alleged misconduct and the investor took no further action. The other customer complaint resulted in a FINRA arbitration proceeding that was recently filed and still pending against LPL Financial for its former employees alleged misconduct.
Allegations Against Phillip Kao
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable recommendation to purchase real estate security.
- Failure to monitor customer’s account as a result of his departure from firm.
Phillip Kao Red Flags & Your Rights As An Investor
Of course, Phillip Kao did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Phillip Kao at Woodbury Financial Services, Inc. and on alert to review carefully the activity and performance of their accounts and question whether Phillip Kao has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Woodbury Financial Services, Inc. raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Woodbury Financial Services, Inc. Due To Phillip Kao
If you have questions about Woodbury Financial Services, Inc. and/or Phillip Kao and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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