Advisor Alert: Our Attorneys Are Investigating Phillip Todd Cartwright For Investment Fraud
Did You Lose Money Because of Phillip Cartwright?
Filed: March 18, 2024
Phillip Cartwright currently has one (1) pending judgment/lien event. Overall, he has been the subject of two (2) customer complaints, one (1) regulatory event, and one (1) judgment/lien event. 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 Phillip Todd Cartwright.
Who Is Phillip Todd Cartwright of Osaic Wealth, Inc.?
- Advisor Name: Phillip Todd Cartwright
- Aliases: Phillip Cartwright
- CRD: 4287303
- Location: Appleton, Wisconsin
- Current Employer: Osaic Wealth, Inc.
- Previous Firms: Woodbury Financial Services, Inc.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Number of Known Judgment/Lien Events: 1
- Can Phillip Cartwright Be Sued: Yes, in Private Arbitration
- Can Phillip Cartwright’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $101,000
- Highest Settlement: $75,000
If you have suffered investment losses by Phillip Cartwright, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Phillip Cartwright For Broker Misconduct
As of this publication date, Phillip Cartwright has been the subject of 2 customer disputes, 1 regulatory event, and 1 judgment/lien event. Let’s review them below.
In December 2022, a FINRA arbitration was filed against or in reference to Phillip Cartwright by multiple customers of Woodbury Financial Services, Inc. alleging that certain direct/limited partnership investment recommendations were not in keeping with their needs and objectives; that the product features were not adequately described; and that their portfolio was overly concentrated in such products, causing alleged losses. Per the customers, they lost over $75,000 because of Mr. Cartwright’s actions. On October 2, 2023, Mr. Cartwright settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Cartwright’s employer and/or insurance carrier.
In May 2020, a FINRA arbitration was filed against or in reference to Phillip Cartwright by a customer of Woodbury Financial Services, Inc. alleging that the recommendation of a private placement in his IRA account was not suitable and that the firm failed to conduct adequate due diligence on the investment product. Per the customer, he/she lost over $101,000 because of Mr. Cartwright’s actions. On October 29, 2021, Mr. Cartwright settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Cartwright’s employer and/or insurance carrier.
In February 2016, Phillip Cartwright was the subject of a civil judgment or lien in the amount of $5,161.31. 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.
In August 2011, Wisconsin initiated a regulatory action against or in reference to Phillip Cartwright for WI DOR Tax Delinquent.
How To File A Claim Against Phillip Cartwright of Osaic Wealth, Inc. (previously with Woodbury Financial Services, Inc.) To Get Your Money Back
If you have questions about Phillip Cartwright, Osaic Wealth, Inc., Woodbury Financial Services, Inc., 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.