DARYL GLEN PHILLIPS is currently employed as a Broker and/or Investment Adviser at CFD INVESTMENTS, INC. located at 445 DIAMOND LANE, Suite 100, Sparta, TN, 38583-6157.
DARYL GLEN PHILLIPS has worked at CFD INVESTMENTS, INC. since August 30, 2007
Disclosure History
DARYL GLEN PHILLIPS has 2 Disclosure Event(s).
Date: January 06, 2017 Category: Customer Dispute Allegations: [Customer], on behalf of he and his wife, alleged that Daryl Phillips, a former business partner of [Customer], exercise discretionary control over assets that were not maintained at CFD Investments, and charged a fee for such services (identified as management services). Damage Amount Requested: $250,000.00 Broker Comment: Financial Adviser Daryl Phillips was a long-time business partner of [Customer] (who was also registered as a registered representative of CFD during much of the time period underlying this complaint). Phillips assisted [Customer] with his investments through an outside account unassociated with CFD. There is significant question as to whether there was any compensation associated with this situation, as all monetary exchanges between [Customer] and Phillips can also be explained through their business relationship. This arrangement was outside of the knowledge of CFD, and was not approved by CFD. [Customer] knew at the time that this was set up that the account was not a CFD account, but was instead established at TD Ameritrade. [Customer] also knew that Phillips was not registered as an investment adviser representative, and could not serve in that capacity with respect to any account. Phillips did not serve in that capacity with CFD Investments, Inc. or any of its affiliates. All of the activities relevant to this matter were conducted away from CFD.
Date: March 03, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT REPRESENTATIVE TOOK ADVANTAGE OF HIM IN CONNECTION WITH AN INDEXED ANNUITY TRANSACTION. NO SPECIFIC ALLEGATIONS RAISED. NO DAMAGES SPECIFIED. Broker Comment: I HAD A VERY LIMITED INVOLVEMENT IN THE UNDERLYING TRANSACTIONS THAT ARE THE SUBJECT OF THE COMPLAINT. I DID NOT PARTICIPATE IN THE INITIAL CLIENT MEETINGS, AND I DID NOT CONSULT THE CLIENTS OR OTHER REPRESENTATIVES WITH RESPECT TO THEIR RECOMMENDATION TO THE CLIENT. I DID ACCOMPANY ONE OF THE WRITING AGENTS TO DELIVER AND GO OVER THE CONTRACT, HOWEVER THAT WAS AFTER THE TRANSACTIONS HAD ALREADY BEEN COMPLETED.
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