Last Updated: May 2025 – Roseville, CA
Here’s what you need to know about Roseville, CA stockbroker Phillip Curtis Anderson:
- Name: Mr. Phillip Curtis Anderson
- Current Employer: Suspended by FINRA 5/19/2025-10/18/2025
- Prior Employers: Kingswood Capital Partners, Resurgent Financial Advisors, Hayden Royal, Sutter Wealth Management, Niagara International Capital, Wells Fargo Advisors Financial Network, Merrill Lynch, Edward Jones, Carillon Investments
- Function: Stockbroker / Registered Investment Advisor
- Aliases: Phillip Anderson
- Primary Location: Roseville, CA
- CRD Number: 814936
- Can Phillip Anderson be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $56,000
- Pending Customer Disputes Seek Damages of: $280,000
If you’ve sustained damages from Mr. Anderson, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Phillip Anderson As Your Stockbroker?
In May 2025, FINRA issued a final regulatory action against Phillip Anderson for making unsuitable investment recommendations to senior clients. Anderson advised these customers to invest in speculative, unrated corporate bonds that led to excessive concentration of their portfolios—96% and 35% of their net worth, respectively—excluding their primary residence. The action resulted in a five-month suspension (5/19/2025-10/18/2025) and monetary sanctions totaling $18,280.
Arbitration cases filed against Mr. Anderson allege misconduct involving illiquid and high-risk investments:
- In a 2023 case (FINRA Docket No. 23-01054), a customer of Kingswood Capital Partners alleged that Anderson recommended an unsuitable and misrepresented investment in a “safe” alternative investment. That case settled for $56,000.
- Another settled case brought by a customer of Kingswood Capital (FINRA Docket No. 22-01859) involved a claim alleging that GWG bond investments were unsuitable. That case settled for $35,000.
- A case brought by a customer of Hartford alleged that a recommendation to invest in an annuity was unsuitable. That case settled for $38,295.
- Two pending cases from 2021(one by a customer of Kingswood Capital and the other by a customer of Niagara International Capital Limited) allege over-concentration in illiquid investments and misrepresentations related to private placement investments. One claims damages of $250,000 and the other seeks $30,000.
These cases suggest potential violations of FINRA Rule 2111 (Suitability) for failing to tailor investment recommendations to a client’s financial profile, and FINRA Rule 2020, which prohibits fraudulent or deceptive conduct.
See this for our prior investigations of cases involving Annuities
Investigations involving Over-Concentration
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Phillip Anderson
Regulators and customers of Phillip Anderson have alleged the following misconduct:
- Speculative Bond Sales to Seniors
- GWG Bond Misrepresentation
- Alternative Investment Misrepresentation
- Unsuitable Private Placement Recommendation
- Over-Concentration in Illiquid Products
- Annuity Unsuitability
The Financial Industry Regulatory Authority (FINRA) requires disclosure of all customer disputes, settlements, and sanctions. Anderson’s record reflects multiple cases involving elderly or conservative investors who were placed into illiquid or high-risk investments.
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Phillip Curtis Anderson, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.