Philip Gott Moshier of Solon Ohio a stockbroker currently registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $186,000.00 in damages based upon accusations that Moshier made recommendations for the customer to invest in real estate investment trusts that were not suitable for the customer because of the illiquidity and speculative nature of the investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01141 (Mar. 27, 2018).
FINRA Public Disclosure confirms that Moshier has been identified in three additional customer initiated investment related disputes containing allegations of his violative conduct while employed with Lincoln Financial Advisors Corporation. Particularly, on May 4, 2006, a customer initiated investment related complaint involving Moshier’s activities was settled for $22,841.61 in damages supported by accusations that misrepresentations had been made to the customer concerning a variable annuity guaranteed minimum income benefit rider.
On June 3, 2011, another customer filed an investment related complaint concerning Moshier’s activities where the customer sought damages estimated to exceed $5,000.00 in damages founded on allegations that Moshier omitted facts concerning the illiquidity of real estate investment trusts purchased by the customer. Then, on March 19, 2013, a customer filed an investment related complaint concerning Moshier’s conduct in which the customer requested $5,000.00 in damages based upon accusations that Moshier made unsuitable investment recommendations pertaining to real estate securities.
Moshier has also been fined $6,000.00 by the State of North Dakota Securities Department in order to resolve North Dakota Securities Commissioner’s allegations that Moshier solicited mutual fund transactions in the state prior to having been registered, and made misrepresentations pertaining to terms of variable annuity products sold to a North Dakota customer. Case No. 1305675 (Nov. 7, 2016).
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