DID SAMUEL BRUCE PHILLIPS JR CAUSE YOU INVESTMENT LOSSES?
Samuel Phillips Jr Of Cape Securities Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Samuel Phillips Jr of Cape Securities Inc.?
Samuel Phillips Jr (CRD #2239471) ) is currently registered with Cape Securities Inc. and Cape Investment Advisory, Inc., both located in McDonough, GA, where he has been since July 7, 2016. He holds registrations in 17 U.S. states and territories and is affiliated with one Self-Regulatory Organization (SRO). Phillips has passed one principal/supervisory exam (Series 24), three general industry/product exams (Series 6, 7, and SIE), and two multi-state securities law exams (Series 63 and 65). His extensive career includes previous affiliations with firms such as Ameritas Investment Corp and American Global Wealth Management, Inc.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Samuel Phillips Jr Customer Complaints and Reviews
Samuel Phillips Jr. has two customer disputes listed on his record:
- Settled Dispute (Finalized March 6, 2024): Related to a 1031 DST Exchange investment named NP Skyloft DST, settled for $56,000. Phillips contributed $28,000. The client alleged the investment was unsuitable due to insufficient due diligence and misrepresentations.
- Pending Dispute (Filed March 27, 2024): Currently unresolved, involves allegations of product misrepresentation, over-concentration, negligence, and lack of supervision, with claimed damages of $50,000.
Allegations Against Samuel Phillips Jr
- Settled Allegation (January 2020):
- Misrepresentation and inadequate due diligence regarding an investment in NP Skyloft DST, which led to a settlement.
- Pending Allegation (March 2024):
- Misrepresentation of product and risks, over-concentration, negligence, and inadequate supervision concerning a Direct Investment-DPP & LP Interests. This case is still pending with requested compensatory and punitive damages along with legal costs.
Samuel Phillips Jr Red Flags & Your Rights As An Investor
Of course, Samuel Phillips Jr 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 Samuel Phillips Jr at Cape Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether Samuel Phillips Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cape Securities Inc. also raises questions about the brokerage firm’s 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 Cape Securities Inc. Due To Samuel Phillips Jr
If you have questions about Cape Securities Inc. and/or Samuel Phillips Jr 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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