Logan Phillips was a Mississippi based securities broker. He worked in the securities industry for forty-one years. During his career, he was registered with three different securities firms.
His registrations include; Scharff & Jones (1974-1990), Morgan Keegan & Company (1990-2012), and Raymond James & Associates (2013-2016). He is no longer working as a registered securities broker in any fashion.
Logan Phillips’ publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In February 2010, a customer alleged misrepresentation and unsuitability. This case was settled for $12,075 in damages.
In July 2010, a customer alleged misrepresentation and unsuitability with regard to mutual funds purchased in 2005. This case was settled for $64,780 in damages
In June 2012, a customer alleged unsuitability with regard to mutual funds purchased between 2002 and 2007. This case was settled for $24,300 in damages.
In June 2014, a customer alleged fraud, breach of fiduciary duty, breach of contract, negligence, gross negligence, and violations of industry rules. This case went to arbitration where the customer was awarded approximately $4.5 million in damages.
In May 2016, customers alleged failure to supervise. This case was settled for $330,550 in damages.
In June 2017, customers alleged fraud, concealment, unsuitability, breach of contract, negligence, gross negligence, and violations of SEC and FINRA Rules. The alleged transgressions taking place between June 2004 and June 2013. This case is currently pending. The customer is seeking $800,000 in damages.
In November 2017, customers alleged false representation, negligent misrepresentation, negligence, fraud, breach of contract, and violation of the Mississippi Securities Act of 2010. The alleged transgressions taking place between July 2004 and October 2017. This case is currently pending. The customers are seeking an undisclosed amount in 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 Logan Phillips, please contact Oakes & Fosher for a free and private consultation.