FINRA BrokerCheck shows that investors disputed the actions of Phillip Oxford Sherrill, also known as Phil Oxford Sherrill [CRD: 1160379, Cornelius, North Carolina]. Sherrill joined Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. in 2011. Below, investors can find more information on the disclosures related to Sherrill's activities in the securities industry.
Evidently, a Cambridge Investment Research Inc. client filed FINRA Arbitration: 22-00954 about Phillip Sherrill. Evidently, the customer alleged that Sherrill recommended investments for generating high commissions and fees. Supposedly, this deprived the client of reasonable returns from a diversified portfolio. Consequently, the client purportedly experienced losses on oil and gas products and other direct investments. Therefore, on May 18, 2023, Cambridge Investment Research Inc. settled the matter by paying the customer $595,000.00 in damages.
Also, a SagePoint Financial customer contested Phillip Oxford Sherrill’s sales practices by filing FINRA Arbitration No. 11-01115. Allegedly, Sherrill recommended mutual funds that were unsuitable, and the risks were not fully disclosed. Moreover, SagePoint supposedly approved these sales without sufficient due diligence. It appears that Sherrill caused the client to sustain $500,000.00 in damages. Consequently, SagePoint Financial opted to settle the matter on February 20, 2013, by compensating the client in the amount of $407,000.00.
An ING Financial Partners, Inc. client accused Phillip Sherrill of misrepresenting a variable annuity and an equity index annuity. Supposedly, the annuities were unsuitable given the client's financial needs. As a result, the customer allegedly sustained $29,156.00 in damages. Consequently, on February 8, 2012, ING Financial Partners, Inc. settled the matter by paying the customer $10,000.00 in damages.
Investors who have incurred losses due to Phillip Sherrill's actions are encouraged to contact Soreide Law Group or call (888) 760-6552. The law group is committed to recovering losses for investors nationwide and operates on a contingency fee basis, advancing all costs. Sherrill and his affiliated firms, including Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc., deny the allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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