Samuel Phillips Tied To Cape Securities Investor Dispute About Negligence

Investors apparently complained about securities broker Samuel Bruce Phillips Jr. [CRD: 2239471, McDonough, Georgia], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Phillips worked for Cape Securities Inc. beginning July 7, 2016, and has also been registered with Cape Investment Advisory Inc. since July 7, 2016, and American Global Wealth Management Inc. starting January 6, 2026, with a prior registration at that firm from July 30, 2020, to November 18, 2021. Investors are encouraged to continue reading to discover more about client disputes and disclosures involving Phillips that were reported to FINRA.

Cape Securities Investor Accused Phillips Of Misrepresentation And Due Diligence Failures

Particularly, a Cape Securities Inc. client filed FINRA Arbitration No. 24-00622 about Samuel Phillips. Allegedly, Phillips made misrepresentations, overconcentrated accounts, was negligent, and failed to perform due diligence. For this reason, the client allegedly sustained damages relating to direct investments. Therefore, on August 28, 2024, Cape Securities Inc. settled this matter by paying the client $17,000 in damages.

Samuel Phillips Disclosed Unsuitable Recommendations And Misrepresentation Allegations By Cape Securities Client

Additionally, a client of Cape Securities Inc. contested Samuel Phillips’s sales practices by filing FINRA Arbitration No. 22-02924. Allegedly, Phillips made unsuitable recommendations and misrepresentations after failing to perform reasonable due diligence. It appears that Phillips caused the client to incur damages connected to real estate securities and direct investments. As a result, Cape Securities Inc. opted to settle the matter on March 6, 2024, by compensating the client in the amount of $56,000.

Were You Impacted By Financial Advisor / Securities Broker Phillips?

Do you have concerns or questions regarding investments you made with Samuel Phillips? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the United States. Also, the firm represents investors on a contingency fee basis and advances all costs. Phillips and brokerage firms Phillips worked for deny allegations of sales practice violations.