Ali Barry Mahlooji, of Jersey City, New Jersey, a stockbroker registered with National Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $280,765.51 in damages based upon allegations that Mahlooji was negligent and made unsuitable investment recommendations during the time that Mahlooji was associated with National Securities Corporation. FINRA Arbitration No. 23-03430 (December 15, 2023).
FINRA Public Disclosure shows that Mahlooji is referenced in three other customer initiated investment related disputes concerning Mahlooji’s conduct while associated with securities broker dealers. Mahlooji was referenced in a customer initiated investment related complaint filed on June 9, 2015, in which the customer requested $30,000.00 in damages based upon allegations that Mahlooji made poor recommendations in over-the-counter equities. The securities broker dealer denied this complaint.
On August 27, 2021, a FINRA securities arbitration claim involving Mahlooji’s conduct was settled for $6,500.00 in damages based upon allegations that Mahlooji gave bad advice to the customer about real estate securities. FINRA Arbitration No. 21-00537.
On July 30, 2022, a FINRA securities arbitration claim involving Mahlooji’s conduct was settled for $40,000.00 in damages based upon allegations that Mahlooji made unsuitable recommendations in over-the-counter equities when Mahlooji was associated with National Securities Corporation. FINRA Arbitration No. 21-02078.
Mahlooji has been associated with PHX Financial Inc. in New York, New York since December 16, 2019. Mahlooji was associated with National Securities Corporation in Jersey City, New Jersey from November 20, 2012, to December 17, 2019.
