Phillip Leach Voluntarily Resigned from Lifemark Tennessee Following Disqualification
Phillip Leach (CRD #: 5826777), a former broker, has voluntarily resigned from Lifemark Securities Corp, according to his BrokerCheck record, accessed on September 22, 2021. This is not his only disclosure – he also has a recent regulatory action.
On July 14, 2021, Phillip Leach voluntarily resigned from Lifemark Securities Corp., following allegations that he had a statutory disqualification in Tennessee. More details are provided below. Statutory disqualification denotes the individual may be disqualified under FINRA By-Laws.
On May 11, 2021, Tennessee fined Phillip Leach $5,000 following allegations that he removed nonpublic customer information of 52 investors. He then allegedly provided that information to his new employer, Morgan Stanley. Tennessee also alleges that he falsely stated to his previous employer that he neither removed nor retained investor information. Tennessee also sanctioned Phillip Leach and imposed heightened supervision for three years.
FINRA also sanctioned Phillip Leach for his removal of non-public customer information. On November 9, 2017, Phillip Leach consented to the findings that he removed non-public personal prior to resigning.
FINRA fined Phillip Leach $5,000 and imposed a 45-day suspension as part of an Acceptance, Waiver, and Consent agreement (AWC). You can read a copy of the AWC here.
Phillip Leach Background Information
Phillip Leach has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
Phillip Leach has worked with the following firms:
- Lifemark Securities (CRD #: 16204)
- IFS Securities (CRD #: 40375)
- Morgan Stanley (CRD #: 149777)
- Carty & Company (CRD #: 7001)
Kurta Law Can Help
If you worked with Phillip Leach you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email email@example.com.