JD Phillips: Complaints Involving Former Charlotte Broker Settled for $2.5 Million


John Phillips (CRD# 2796242) is involved in settled or pending customer complaints alleging his recommendations resulted in substantial losses. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 17th, 2021, Mr. Phillips was most recently registered with MetLife Securities in Charlotte, North Carolina. Also known as JD Phillips, he is […]

FINRA Sanctions Metlife $25 Million For Variable Annuity Replacement Sales Complaints


In 2016, The Financial Industry Regulatory Authority (FINRA) fined MetLife Securities, Inc. $20 million and also ordered the payment of $5 million in restitution for complaints related variable annuity sales. FINRA found that Metlife had committed negligent misrepresentations and omissions when selling variable annuity replacements for tens of thousands of customers. The misrepresentations and omissions […]