Meyer Wilson’s stockbroker fraud attorneys are currently investigating allegations that former broker Philip Brunson converted funds from the securities accounts of two Wells Fargo customers.
Philip Earl Brunson (CRD# 2153418), a former Illinois stockbroker, has been accused by FINRA of converting customer funds. Brunson failed to provide information requested by FINRA in conjunction with its investigation, and according to Brunson’s AWC, he was barred from the securities industry.
From April 2013 through November 2014, Brunson worked for PNC Investments in Decatur, Illinois. According to FINRA reports, PNC discharged Brunson because he had “admitted to violating policy at his former firm by accepting cash gifts from his clients.”
Prior to his employment at PNC, Brunson worked as an investment advisor for Wells Fargo in Champaign, Illinois. One of Brunson’s former clients from Wells Fargo filed a complaint on March 12, 2015 accusing Brunson of misappropriating funds from her investment account on January 16, 2013. The complaint was settled for approximately $43,000.
Did you invest with former PNC Investments and Wells Fargo broker Philip Earl Brunson? If you did and you lost money, we invite you to contact a stockbroker fraud lawyer at Meyer Wilson. Since 1999, our firm has been helping investors recover their losses caused by fraud and misconduct. Last year alone, our firm was able to secure more than $29 million for our clients. To learn how we can help, fill out our online form for a free review of your case.