Last Updated: May 2025 – King, North Carolina
Here’s what you need to know about King, NC stockbroker Philip Jefferson:
- Name: Mr. Philip Kirby Jefferson
- Current Employer: Wells Fargo Advisors / Wells Fargo Clearing Services, LLC
- Prior Employers: SunTrust Investment Services, Inc., NCF Financial Services, Inc., Invest Financial Corporation
- Function: Stockbroker / Financial Advisor
- Primary Location: King, North Carolina
- CRD Number: 2497587
- Can Philip Jefferson be sued in FINRA arbitration? Yes
- Highest Settlement or Award: $30,375
If you’ve sustained damages from Mr. Jefferson, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Philip Jefferson As Your Stockbroker?
Two customer disputes have been disclosed involving Philip Jefferson.
In one matter, a customer of Wells Fargo alleged that Mr. Jefferson misrepresented securities related to closed-end funds. The matter was settled for $16,493 in 3/2025.
In 12/2013, a customer of SunTrust Investment Services alleged that Mr. Jefferson misrepresented investments in closed end funds and was paid $30,375 to resolve the matter.
Allegations of Broker Misconduct Against Philip Jefferson
Customers of Philip Jefferson have made the following allegations:
- Unsuitable Investment Recommendations: A client alleged that Mr. Jefferson recommended the purchase of a variable annuity that was not suitable for their investment profile. FINRA Rule 2111 requires brokers to have a reasonable basis to believe a recommended transaction is suitable for the customer based on financial needs, objectives, and experience.
- Misrepresentation of Securities: Another customer alleged that Mr. Jefferson misrepresented closed-end fund investments while employed by SunTrust Investment Services. Such misrepresentations can be violations under FINRA Rule 2020, which prohibits manipulative or fraudulent devices in the sale of securities.
Both cases resulted in monetary settlements, though Mr. Jefferson denied any wrongdoing and stated he disagreed with the allegations.
The Financial Industry Regulatory Authority (FINRA) requires brokers and brokerage firms to report customer disputes, complaints, and regulatory sanctions. This transparency is intended to protect investors from potential misconduct in the industry.
Recover Your Investment Losses Now With Rex Securities Law
Investigations involving other Wells Fargo brokers
If you have suffered investment losses in an account handled by Philip Jefferson, 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.