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Investor Claims Ron Phillips Breached His Fiduciary Duty

Feb 15, 2022 Investor Disputes

Ron Phillips (CRD #:2823393), a registered broker and investment advisor with Morgan Stanley, is involved in an investor dispute, according to his BrokerCheck record, accessed on February 3, 2022. 

Investor Allegations

On October 14, 2021, an investor filed a dispute alleging that Ron Phillips’s management of his accounts was not in his best interest. The total damage requested is $250,000. The dispute is still pending.

FINRA Rule 2010 requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. By mismanaging his client’s accounts,  Ron Phillips allegedly failed to observe high standards of commercial honor and just and equitable principles of trade thus violating FINRA Rule 2010.

Background Information

Ron Phillips 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

Ron Phillips is a broker registered in 27 states. He is also a registered investment advisor in California and Texas. 

Other than  Morgan Stanley, Ron Phillips has also worked with UBS Financial Services (CRD#:8174) and Salomon Smith Barney (CRD#:7059).

Kurta Law Can Help

If you have worked with Ron Phillips and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors 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.