Broker John Dalton (J.D.) Phillips, Jr. – Complaints & Compensation

J.D. Phillips Jr, Previously Registered Broker From MetLife Securities, Accused of Unfair and Deceptive Trade Practices

J.D. Phillips, whose full name is John Dalton Phillips, Jr., previously registered broker with MetLife Securities, Inc., is the subject of multiple customer disputes, according to BrokerCheck, an online broker research online tool offered by Financial Industry Regulatory Authority (FINRA).

Five of these disputes have been resolved, and four remain pending.

Customer Disputes Involving John Dalton Phillips Jr.

All the customer disputes involving Phillips pertain to his time of employment with MetLife Securities, Inc. Furthermore, all the complaints accuse Phillips of engaging in unfair and deceptive trade practices and securities fraud. The accusations are tied to the broker’s recommendations to invest in private securities, according to BrokerCheck.

One dispute points to Phillips’ involvement in an investment into a “fictitious entity” around 2008. Another dispute sheds light on the broker’s involvement in investments known as the “Wall Street Capitol Ponzi Scheme,” starting in 2015.

Phillips’ former customers have alleged damages ranging from $25,000 to $1 million.

To date, five customer disputes have settled. Settlement amounts have ranged between $86,000 and $1,190,000.00.

If John Dalton Phillips Jr. Caused You to Sustain Financial Loss, We Can Help

The Securities and Business Litigation team at Levin, Papantonio, Rafferty, Proctor, Buchanan, O’Brien, Barr & Mougey, P.A. is investigating claims from investors who sustained financial loss because of John Dalton Phillips, Jr.’s unfair and deceptive trade practices and securities fraud.

Because Phillips was a registered broker at MetLife Securities, Inc. at the time of these allegedly bad practices, the firm may be responsible for the losses he caused investors. MetLife has a duty to supervise brokers registered with the firm. It is their job to ensure that their brokers comply with securities rules and regulations.

If you lost money because of Phillips, MetLife might be held liable, and you may be able to recover your losses. Our firm will investigate your case and work to recover your financial losses. We charge you attorney’s fees only if we recover for you.

 
Why Choose Our Law Firm

Our law firm has been in existence for more than 65 years, and is recognized as one of the preeminent law firms in the United States. Based on law firm verdicts and settlements exceeding $8 billion, our securities fraud lawyers are committed to seeking justice for the victims of investment fraud and misconduct.

Led by attorney Peter Mougey, the past President of the national securities bar PIABA, our Securities and Business Tort Department has represented more than 1,500 investment fraud victims across the country in state and federal court and securities industry arbitration.

We are the founder of Mass Torts Made Perfect. This is a national conference attended by 1,500 lawyers each year where we teach how to successfully handle lawsuits against the largest companies in the world. For more information, please visit our About Us section.

in Business 65 years * $8 Billion in Verdicts & Settlements * Best Law Firms: U.S. News & World Reports * Trial Lawyers Hall of Fame * SuperLawyers
 
Our Fees & Costs

Our lawyers provide free confidential case evaluations, and we never charge any fees or costs unless you first recover.

The contingency fee we charge ranges from 20% to 40%. The amount we charge is based on how much we recover for you. To review a summary of our fees and costs, click Fees & Costs.

 
Free Case Evaluation

To contact us for a free confidential consult, you can call us at (800) 277-1193. You also can request a free private and confidential evaluation by clicking Free & Confidential Consult. Your inquiry will be immediately reviewed by one of our attorneys who handles securities litigation.

 
 

What Our Clients Say

Client Testimonials

Below are some of the emails and letters that our clients have sent us.

At a time in our life when we were most vulnerable we lost control of our finances. We fell victim to a broker that took huge commissions and did not disclose that we were not able to access our money. Peter Mougey and his wonderful staff worked with us to make us whole again and got our money released. I cannot say enough about their work ethic, professionalism, and kindness during this stressful time for us. We had a 100% positive conclusion to our case and we strongly recommend Peter and the firm. We can now sleep at night! Fred & Pat H.
My husband and I were very pleased with the work that Peter and his team provided. He was very knowledgeable of the circumstances of our case and kept us informed throughout the process. He is extremely qualified and worked diligently on our behalf. We are positive that this case would not have been resolved in our favor had it not been for Peter's expertise and his passion. He definitely cares about his clients and we sincerely appreciate his efforts. Rachel C.
FRS is a governmental body. FRS retained the services of Peter Mougey of the LP law firm in a multimillion-dollar lawsuit involving extremely complex issues. Mr. Mougey quickly mastered the issues and gave advice that was vital in bringing about a successful resolution. Two of the most important features of Mr. Mougey’s representation was his understanding of government and his ability to communicate complicated legal concepts to a 10-member board of trustees in language that was easily understood by all. I did not know Mr. Mougey before FRS retained him and, fortunately, have not experienced circumstances where the system would need his services again. However, if needed, I would have no hesitation in retaining his services again. Please let me know if you need any additional information or assistance. Steven S.
Edison's famous adage can't ever be ignored of course: 1 part inspiration and 99 parts perspiration. However the two attitudes must be present indissolubly--both are essential--if results are to be obtained. Peter Mougey’s group is aware of such a requirement, they work very hard at the latter, and the former comes easily to them, a rare combination anywhere to be found indeed. Raphael B.
I would like to express my sincere gratitude to Peter Mougey and your entire team on behalf of my family for the amazing job done during your representation. From day one I received kindness, rapid responses to all of my questions, with polite and patient encounters with all of your staff assistants. You are the best- and I will be eternally grateful to you and your entire team. Michelle E.