Last Updated: February 2026 — Houston, TX
Here’s what you need to know about Houston, TX stockbroker Phillip Wayne Jones:
- Name: Phillip Wayne Jones
- Current Employer: Merrill Lynch, Pierce, Fenner & Smith Incorporated — 800 Capitol St, Houston, TX 77002
- CRD Number: 2445213
- Stockbroker / Financial Advisor: Yes — General Securities Representative and General Securities Sales Supervisor
- Registered Since: 1994 with Merrill Lynch
- Registered With: 6 Self-Regulatory Organizations; licensed in 30 U.S. states and territories
- Exams Passed: Series 7, Series 9, Series 10, Series 63, Series 65, SIE
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $2,750,000
- Current Customer Dispute Seeks Total Damages of: $5,000,000
Mr. Jones has worked at Merrill Lynch in Houston, Texas since 1994 and also serves as a registered investment adviser representative.
If you’ve sustained damages from Mr. Jones, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Phillip Jones As Your Stockbroker?
Mr. Jones’ record reflects two significant customer disputes involving structured products and other investments.
A FINRA arbitration filed by a Merrill Lynch customer in December 2023 alleged misrepresentations involving structured products and related investments during 2016–2017. In 12/2023 the matter was settled for $2,750,000. FINRA Case No.: 23-03621, Houston.
Pending FINRA Arbitration – $5,000,000
Another recent arbitration filed by another Merrill Lynch customer in July 2025 with similar allegations seeks damages of $5 million and is currently pending. FINRA Case No.: 25-01422, Houston.
Allegations of Broker Misconduct Against Phillip Jones
- Unsuitability— FINRA Rule 2111 requires recommendations to align with a customer’s investment objectives, risk tolerance, and financial profile.
- Misrepresentation / Omissions— FINRA Rule 2020 prohibits misleading statements or failure to disclose material information.
- Failure to Act in the Customer’s Best Interest— SEC Regulation Best Interest (Reg BI, Rule 15l-1) requires brokers to act in the best interest of retail customers when making recommendations.
Structured products are often complex investments with embedded derivatives, credit risk, liquidity constraints, and issuer risk.
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Phillip Wayne Jones, 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.