Phillip Conley, Formerly of Merrill Lynch, Charged by SEC for Allegedly Defrauding Investors

Conley was accused of conducting a $5.2 million fraudulent securities offering.

The Sonn Law Group is investigating allegations that Phillip Conley defrauded investors. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Phillip Conley - Merrill LynchPhillip Conley (CRD#: 4799544) was charged by the SEC with conducting a $5.2 million fraudulent securities offering.

The complaint alleges that between January 2014 and September 2018, Conley induced investors to purchase securities by making a series of materially false and misleading statements and omissions concerning the legitimacy of the investments and use of investor proceeds.

The complaint also alleges that Conley failed to invest those proceeds, instead of using them for his personal benefit, including private jet rentals, luxury purchases, dining, and entertainment. The remainder of the proceeds he used to pay earlier investors in a Ponzi-like fashion.

The SEC is seeking a permanent injunction, disgorgement of ill-gotten gains, prejudgment interest, and civil monetary penalties.

Conley has five other disclosures on his BrokerCheck report.


December 2015 Regulatory Judgment


February 2015 Customer Dispute


June 2011 Judgment/Lien


October 2009 Customer Dispute


July 2008 Judgment/Lien


Contact Us Today

The Sonn Law Group is currently investigating allegations that Phillip Conley defrauded investors We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

CONTACT US FOR A FREE CONSULTATION

Se Habla Español

Contact our office today to discuss your case. You can reach us by phone at 844-689-5754 or via e-mail. To send us an e-mail, simply complete and submit the online form below.