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Philip Benedict Allegedly Failed to Follow Instructions

Philip Benedict (CRD #: 720561), a previously registered broker with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 6, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On June 4, 2024, an investor alleged that Philip Benedict failed to follow instructions regarding the annuitization of his accounts. 

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate this rule. 

Background Information 

Philip Benedict has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 22 Direct Participation Programs Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 
  • Series 24 General Securities Representative Examination 

During his 42 years of experience, he has registered with three firms: 

  • LPL Financial (CRD #: 6413) 
  • Integrated Resources Equity Corporation (CRD #: 6403) 
  • WestAmerica Financial Corporation (CRD #: 883)

Kurta Law Can Help 

If you worked with Philip Benedict and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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