The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Phillip Schreiner. Phillip Schreiner was a Texas based securities broker. He worked in the securities industry for fourteen years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- IDS Life Insurance Company (2004-2006)
- Ameriprise Financial Services (2004-2007)
- Banc of America Investment Services (2007-2009)
- Merrill Lynch (2009-2011)
- Morgan Stanley (2011-2018)
The Allegations
Phillip Schreiner’s publicly available FINRA BrokerCheck report shows that his career came to an end in April 2018 when he was discharged from his position at Morgan Stanley. This termination followed allegations that he solicited investments for outside business activities involving real estate investments. He also allegedly borrowed money from a client of the member firm which is in direct opposition of most securities firms’ policies.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Phillip Schreiner, please contact Oakes & Fosher for a free and private consultation.
