INVESTORS: Former MetLife Securities broker John Dalton Phillips was named in a customer dispute alleging misrepresentations and omissions.
John Dalton Phillips (CRD#: 2796242) was registered as a broker with MetLife Securities from 1999 until 2015. Previously, Phillips was registered as a broker with Park Avenue Securities in 1999.
Phillips has ten disclosures on his BrokerCheck report.
October 2021 Customer Dispute
Status: Pending
Allegations: The complainant alleges that in or around 2006/2007, the rep made false statements and omitted known material facts in order to intentionally deceive the complainant when the rep advised him to sell the shares that the complainant held in the company CB&B.
October 2021 Customer Dispute
Status: Pending
Allegations: The complainant alleges that in 2000/2001, he bought shares of a private security based on the rep’s marketing. He alleges that the rep omitted material information & later offered to buy his shares from him after the rep had received inside information. It is alleged that when offering to buy his shares, the rep omitted telling the complainant that a private equity firm wanted to buy the company and that the complainant’s holdings would soon return large shareholder distributions, which he later missed out on by selling his shares.
January 2020 Customer Dispute
Status: Settled
Allegations: The complainants allege Unfair and Deceptive Trade Practices and Fraud, regarding the advisor’s recommendations to invest in private securities commencing in January and August of 2001.
Settlement Amount: $440,000.00
July 2019 Customer Dispute
Status: Settled
Allegations: Plaintiffs alleged Unfair and Deceptive Trade Practices and State Securities Fraud regarding the advisor’s recommendation to invest in private securities commencing in 2012.
Damage Amount Requested: $25,000.01
Settlement Amount: $680,000.00
March 2019 Customer Dispute
Status: Settled
Allegations: Plaintiffs alleged Unfair and Deceptive Trade Practices and State Securities Fraud regarding the advisor’s recommendations to invest in private securities commencing in 2005 and 2016.
Damage Amount Requested: $25,000.01
Settlement Amount: $680,000.00
January 2019 Customer Dispute
Status: Settled
Allegations: Plaintiff alleged Unfair and Deceptive Trade Practice, State Securities Fraud regarding an investment into a fictitious entity, in 2008, approximately.
Damage Amount Requested: $25,000.01
Settlement Amount: $86,000.00
December 2018 Customer Dispute
Status: Settled
Allegations: Plaintiffs alleged Unfair and Deceptive Trade Practices and State Securities Fraud regarding the advisor’s recommendation to invest in private securities commencing 1999.
Damage Amount Requested: $25,000.01
Settlement Amount: $1,190,000.00
October 2018 Customer Dispute
Status: Pending
Allegations: Plaintiff alleged Unfair and Deceptive Trade Practices and State Securities Fraud regarding the advisor’s recommendation to invest in private securities commencing 2000.
May 2018 Customer Dispute
Status: Pending
Allegations: Plaintiffs have alleged Unfair and Deceptive Trade Practices and State Securities Fraud regarding investments known as the Wall Street Capitol Ponzi Scheme, commencing in 2015.
Damage Amount Requested: $25,001.00
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