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Philip Stair Allegedly Misrepresented Bonds

Philip Stair (CRD #: 4645877), a broker registered with Morgan Stanley, is the subject of an investor dispute, according to his BrokerCheck record, accessed on November 16, 2023. Keep reading if you have questions about his conduct. 

On October 24, 2023, an investor’s attorney alleged that Philip Stair misrepresented Bed, Bath and Beyond bonds. 


FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misrepresentation also violates this rule. 

Background Information 

Philip Stair has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is registered as a broker in 18 states and is a registered investment adviser in Georgia and Texas. 

Philip Stair has registered with four firms during his 20 years of experience: 

  • Morgan Stanley (CRD #: 149777) 
  • BB&T Securities (CRD #: 142785) 
  • Scott & Stringfellow (CRD #: 6255) 
  • Bergen Capital (CRD #: 463

Kurta Law Can Help

If you worked with Philip Stair and have concerns about your investments, please contact us today at 877-600-0098 or 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.