Haselkorn & Thibaut, a leading national securities fraud law firm, has opened an investigation into Phillip Falk, a financial advisor based in McKinney, TX, currently registered with Emerson Equity LLC. If you are an investor who has worked with Phillip Falk, this report provides critical information regarding his professional background, complaint history, and what steps you can take if you have concerns about your investments.
Who Is Phillip Falk?
Table of Contents
Phillip Falk (CRD #2372997) is a financial advisor with an extensive history in the securities industry. As of the most recent update, he is affiliated with Emerson Equity LLC, a broker-dealer registered with FINRA and SIPC. His career spans multiple firms, highlighting a broad industry footprint:
- Emerson Equity LLC (Current)
- Fourstar Wealth Advisors, LLC
- Center Street Securities, Inc.
- Great Point Capital LLC
- Blueskye Investment Advisers, LLC
- Great Point Advisors LLC
- Paulson Investment Company, LLC
- Forest Securities, Inc.
- Landolt Securities, Inc.
- Workman Securities Corporation
- Advanced Equities, Inc.
- William Blair & Company L.L.C.
- Credit Suisse First Boston LLC
- Donaldson, Lufkin & Jenrette Securities Corporation
- SG Cowen Securities Corporation
- Cowen & Co.
- Smith Barney Inc.
He has also maintained business affiliations outside of traditional securities, including CapRock Real Estate and Symmetry Financial Insurance. If you have invested through any of these entities, it could be important for your review.
Recent Allegations: FINRA Arbitration & Customer Complaints
In November 2025, a significant customer dispute was filed against Phillip Falk at Emerson Equity LLC. The case, currently pending FINRA arbitration (Case No. 25-02561), involves a customer seeking $1,000,000 in damages. Key allegations made in the claim include:
| Allegation | Details |
|---|---|
| Breach of Fiduciary Duty | Accusations that the advisor failed to act in the client’s best interests, particularly relevant under SEC Regulation Best Interest. |
| Negligence and Gross Negligence | Claims of failing to adhere to professional standards expected of a fiduciary. |
| Misrepresentations and Omissions | Concerns about incomplete or possibly misleading information provided about investments. |
| Unsuitability | Alleged recommendations inappropriate for the investor profile, referencing FINRA Rule 2111 (Suitability). |
| Violations of FINRA and Securities Laws | Potential breaches of state and federal securities regulations. |
The investments in question center around real estate securities purchased between January 2025 and May 2025. The arbitration seeks not just general damages but also attorneys’ fees, costs, punitive damages, and interest. The matter remains unresolved, so ongoing monitoring is essential for investors with similar concerns.
Current BrokerCheck and Regulatory Status
It’s critical for investors to monitor official records. As of the latest update, Phillip Falk’s FINRA BrokerCheck profile shows:
- No customer disputes or arbitration claims previously reported.
- No regulatory, civil, criminal, or bankruptcy disclosures.
Be aware, however, that records can change. For the most up-to-date information, visit FINRA BrokerCheck and search “Phillip Falk” or CRD 2372997. Consider signing up for alerts for any new disclosures that may impact your investments.
Understanding Your Rights as an Investor
As an investor, you are protected under various FINRA rules, including:
- FINRA Rule 3110 & 2090: Firms must properly supervise their representatives and maintain records.
- FINRA Rule 2111 (Suitability): Recommends that advisors only propose suitable investments for each client’s specific circumstances.
- Regulation Best Interest: Requires brokers to prioritize the client’s best interests in all dealings.
If you feel your investments were mismanaged, or you received recommendations unsuitable for your portfolio, you may be eligible to recover losses through FINRA arbitration.
How Haselkorn & Thibaut Can Help You
Haselkorn & Thibaut is a respected national securities fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients.
- We assist clients in understanding their legal rights and evaluate potential claims at no cost.
- Most cases are handled on a contingency basis—no recovery, no fee.
- Experienced attorneys guide you through the entire arbitration and recovery process.
If you have investment losses related to Phillip Falk or Emerson Equity LLC, prompt action is crucial. Each case has deadlines for filing, so do not wait if you have concerns.
What Should You Do Next?
If you have questions about your experience with Phillip Falk, or you simply want to understand if your investment portfolio was properly managed, Haselkorn & Thibaut offers a complimentary and confidential consultation. This is a no-obligation opportunity to discuss your concerns with an experienced securities attorney and explore your potential options for recovery.
Ready for answers? Call Haselkorn & Thibaut now at 1-888-885-7162 for your free consultation. Protect your financial future—don’t navigate this process alone.
