Philip Bradshaw Allegedly Failed to Act in Investors’ Best Interest

Philip Bradshaw (CRD #: 5111576), a broker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly violated Best Interest requirements, according to his BrokerCheck record, accessed on January 5, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On October 18, 2022, multiple investors filed a dispute alleging that Philip Bradshaw failed to act in their best interest from August 2020 through October 2022. This dispute is currently pending.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of Reg Bi may also violate FINRA Rule 2010. 

Background Information

Philip Bradshaw has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Philip Bradshaw and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.