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Philip Pike Facing a Six-Figure Investor Dispute

Philip Pike (CRD #: 5695273), a broker registered with Stoever, Glass & Company is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on September 20, 2023. Details concerning the allegations are provided below. 

On July 24, 2023, an investor alleged that Philip Pike did not do enough to protect her accounts from market risks from 2022 through 2023. The investor is seeking $115,000. 

FINRA Rule 2111

FINRA Rule 2111 requires brokers to assess their investor’s risk tolerance before recommending investments. Investments that do not take their risk tolerance into account may be unsuitable. Investors who rely on their brokers for recommendations may be able to recover their losses from unsuitable investments via FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to protect an investor from market losses may violate this rule. 

Background Information 

Philip Pike has passed the following exams: 

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

He is a registered broker in nine states and is a registered investment adviser in Florida. 

Philip Pike has registered with the following firms: 

  • Stoever, Glass & Company (CRD #: 7031) 
  • Stoever Glass Wealth Management (CRD #: 173091) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help

If you worked with Philip Pike 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 that 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.

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