Silver Law Group is currently looking into customer allegations against Logan Burch Phillips, Jr. (CRD #1248589.) Phillips is a previously registered broker who last worked as a broker for Raymond James & Associates (CRD #705) in Jackson MS, from 2013 to 2016. He was previously employed by Morgan Keegan & Company, Inc. (CRD #4161, also in Jackson, MS) from 1990 through 2013, and by Scharff & Jones, Inc. (CRD# 745, no location listed) from 1974 through 1990. He is not currently registered as a broker, investment advisor or other financial services professional, and no current employment information is available.
Since 2009, Phillips has been the subject of nine customer disputes that were settled or withdrawn, with one denial. Two recent disputes were filed in 2017 and are currently pending.
The first dispute was filed on June 27, 2017, and included activity from June 2004 through October of 2017, and include allegations of “Fraud, Concealment, Unsuitability, Breach of Contract, Negligence, Gross Negligence, Bad Faith and Violations of SEC and FINRA Rules. Date of Activity: 6/2004 thru 6/2013.” The claimants have requested damages of $800,000.
The most recent dispute was filed on November 8, 2017. The allegations include “Respondeat Superior; False Representation; Negligent Misrepresentation; Negligence; Fraud; Breach of Contract; Mississippi Blue Sky Law; Violations of the Mississippi Securities Act of 2010. Activity Date is: 7/2004 through 10/2017.” The term “Respondeat Superior” indicates that the individual’s employer can be held responsible for the actions of the employee or contract individual working on behalf of the company.
A previous customer dispute filed in 2014 involved multiple claimants and included allegations of “Fraud, breach of fiduciary duty, breach of contract, negligence, gross negligence, and violations of industry rules, federal and state statutory laws, and common law principles.” The requested damages totaled $4,498,697.00. Judgment and award were rendered on February 24, 2017.
Contact Our Firm if You’ve Invested with Logan Burch Phillips, Jr.
Did you invest money with Logan Phillips? Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis. You won’t pay legal fees unless we win your case.