Investors potentially experienced sales practice violations by securities broker Philip David Stair [CRD: 4645877, Alpharetta, Georgia], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Philip Stair worked for Morgan Stanley from January 10, 2014, to the present as a broker and from January 15, 2014, to the present as a financial advisor. Read on to learn more about the disclosures associated with this securities broker.
Particularly, a Morgan Stanley client filed FINRA Arbitration No. 23-03496 about Philip Stair. Primarily, the client alleged that Stair made misrepresentations through failing to disclose risks tied to corporate bond investments. Because of this, the client allegedly incurred damages associated with corporate bonds. As a result, on April 21, 2025, Morgan Stanley settled this matter by paying the client $50,000 in damages.
Also, a client of Scott Stringfellow Inc. disputed Stair’s sales practices, according to a complaint dated October 20, 2008. Allegedly, Stair made unsuitable recommendations involving certain bond investments, including a municipal bond and a closed-end fund. It appears that Stair allegedly caused the client to suffer damages. Therefore, the client sought compensation from Scott Stringfellow Inc. or Stair in the amount of $38,885.00 in this matter. However, the firm closed this complaint without the client taking further action.
Are you worried about investments you made through Philip Stair? You can contact Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the country. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Stair and brokerage firms Stair worked for deny any accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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