Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Phillip Jones (CRD# 2445213) is accused of structured product investment losses. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Houston, Texas, since 1994.
Phillip Jones Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2023. “The claimants allege misrepresentation, omissions, and unsuitable investment recommendations in 2016 and 2017.” The customer is seeking $5,000,000 in damages, and the case is currently pending. The complaint was regarding structured product investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Phillip Jones’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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