Advisor Alert: Our Attorneys Are Investigating John Raymond Phillips For Investment Fraud
Did You Lose Money Because of John Phillips?
Filed: January 16, 2024
John Phillips has been the subject of one (1) judgment/lien event and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on John Raymond Phillips.
Who Is John Raymond Phillips?
- Advisor Name: John Raymond Phillips
- Aliases: John Phillips
- CRD: 4954042
- Location: New York, New York
- Current Employer: Currently Not Registered
- Previous Firms: Spartan Capital Securities, LLC, National Securities Corporation, and Casimir Capital L.P.
- Number of Known Customer Complaints: 1
- Number of Known Judgment/Line Events: 1
- Can John Phillips Be Sued: Yes, in Private Arbitration
- Can John Phillips’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $90,000
If you have suffered investment losses by John Phillips, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against John Phillips For Broker Misconduct
As of this publication date, John Phillips has been the subject of 1 judgment/lien event and 1 customer dispute. Let’s review them below.
In June 2020, a FINRA arbitration was filed against or in reference to John Phillips by a customer of Spartan Capital Securities, LLC alleging unsuitable investments. Per the customer, he/she lost over $200,000 because of Mr. Phillips’s actions. On December 1, 2021, Mr. Phillips settled the claim for $90,000, and some or all of this amount may have been paid by Mr. Phillips’s employer and/or insurance carrier.
In October 2014, John Phillips was the subject of a civil judgment or lien in the amount of $33,090.12. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against John Phillips (previously with Spartan Capital Securities, LLC, National Securities Corporation, and Casimir Capital L.P.) To Get Your Money Back.
If you have questions about John Phillips, Spartan Capital Securities, LLC, National Securities Corporation, Casimir Capital L.P., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.