Tag Archives: PHX Financial Inc.

Investors Bring FINRA Arbitration Claims Against PHX Financial For Unsuitable Trading

September 30, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Arbitration Claims Against PHX Financial For Unsuitable Trading

Solomon David Krispeal (also known as David Krispeal) of Hauppauge New York a stockbroker formerly employed by PHX Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $650,000.00 in damages supported by accusations that options and equity transactions effected in the customer’s account were not suitable for […]

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PHX Financial Accused Of Excessive Trading

Baris Cabalar (also known as Barry Calabar) of Hauppauge New York New York a stockbroker currently employed by PHX Financial Inc. is referenced in a customer initiated investment related written complaint which was settled for $185,000.00 in damages on April 10, 2019 supported by allegations that between November 5, 2018 and February 27, 2019: (1) […]

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Investors Sue Aegis Capital For Fraud

Gregory Spencer O’Brien of New York New York a stockstockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages supported by accusations that between 2011 and 2018: (1) the customer’s account was handled in a negligent manner (2) the […]

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Investors Sue National Securities Corporation For Churning

Kirt Samuel of New York New York a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $5,750,000.00 in damages supported by allegations that (1) unauthorized trades were executed in the customer’s account (2) the customer’s over-the-counter equities portfolio was churned […]

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FINRA Fines PHX Stockbroker For Unauthorized Trading

November 21, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Marc Augusta Reda of New York, New York, a stockbroker formerly registered with PHX Financial, Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Reda, inter alia, traded in customer accounts without authorization. Letter of […]

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EJ Sterling Sued For Breach Of Fiduciary Duty

August 15, 2017  |   Posted by :   |   Failure To Supervise   |   0 Comments

Eduardo Juarez, of New York, New York, a stockbroker formerly registered with E.J. Sterling, LLC, is the subject of a customer initiated investment related arbitration claim on March 12, 2017, in which the customer requested $36,351.00 in damages based upon allegations that Juarez breached his fiduciary duties to the customer, as well as effected unauthorized […]

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Forefront Capital Markets Charged With Securities Fraud

Demitrios Hallas, of New York, New York, a stockbroker formerly registered with Forefront Capital Markets, LLC, has been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that he effected fraudulent securities transactions and misappropriated funds from customers. Securities and Exchange Commission v. Demitrios Hallas, 1:17-cv-029991:17-cv-02999 (Apr. 25, 2017). According to the […]

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PHX Financial Stockbroker Named in Customer Suitability Claim

Marc A. Reda, of New York, New York, a stockbroker formerly with PHX Financial, Inc. is the subject of a customer intiated, investment related dispute where Reda was alleged to to have breached his fiduciary duty and made unsuitable investment recommendations. FINRA Public Disclosure records reveal that Reda has been previously subject to nine customer […]

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Customer Brings Claim Against PHX Financial For Unauthorized Trading

Salvatore Gioe, of New York, New York, a stockbroker formerly with PHX Financial, Inc., is the subject of a customer initiated investment related complaint where the customer is requesting $1,400,000.00 in damages based upon the allegations that Gioe engaged in unauthorized trading in the customer’s account. This brings the total number of customer claims based […]

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