The customer accused Phillips of failure to diversify an account and unsuitable investments.
Christopher Lawrence Phillips (CRD#: 4761544) is registered as a broker and investment adviser with RBC Capital Markets in Stamford, CT, where he has been employed since 2018. Previously, Phillips was registered with Merrill Lynch from 2004 until 2018.
Phillips has one disclosure on his BrokerCheck report.
October 2020 Customer Dispute
- Status: Pending
- Allegations: The claimant alleged he suffered a net loss of more than 65% of his Employee Pension IRA Account value due to the FA’s failure to properly diversify the account and by their discretionary purchase of single company stocks almost all in oil and gas or energy sectors that were not appropriate for the client’s objectives or risk tolerance.
- Damage Amount Requested: $367,452.00
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