Christopher Phillips (CRD #4761544), a broker and investment adviser registered with RBC Capital Markets, is involved in a customer dispute regarding overconcentration of certain securities, according to his BrokerCheck record, accessed on December 28, 2020.
On November 6, 2020, a client alleged that he suffered a net loss of more than 65% of his IRA account due to Christopher Phillip’s failure to properly diversify his portfolio. The client further alleges that Phillips overconcentrated the portfolio in single company stocks, particularly in the notoriously risky energy sector. These types of investments not suitable for investors with conservative goals. The client is seeking $367,452; the dispute is pending.
Christopher Phillips has passed the Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in 26 states and a registered investment adviser in Connecticut and Texas.
Christopher Phillips has worked in the securities industry for 16 years. During his 16 years of experience, he has worked at 4 firms:
- RBC Capital Markets (CRD #: 31194)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- American Express Financial Advisors (CRD #: 6363)
- IDS Life Insurance Company (CRD #: 6321)
If Christopher Phillips was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.