DID SERGE PARAKHNEVICH CAUSE YOU INVESTMENT LOSSES?
Serge Parakhnevich Of PHX Financial Has 2 Customer Complaints For Alleged Broker Misconduct
About Serge Parakhnevich Of PHX Financial, Inc.?
Serge Parakhnevich (CRD #5493064) is currently employed and registered with PHX Financial, Inc., in Fort Lauderdale, Florida, since April 2, 2015. He is licensed across 43 U.S. states and territories. Parakhnevich has passed two general industry/product exams, including the Securities Industry Essentials Examination and the General Securities Representative Examination, and one multi-state securities law exam, the Uniform Securities Agent State Law Examination. His professional career includes previous registrations with several other firms, indicating an extensive background in the financial industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Serge Parakhnevich Customer Complaints and Reviews
- Regulatory Event (1 Incident)
- In 2020, FINRA sanctioned Parakhnevich for unauthorized discretionary trading. He accepted a 45-day suspension and a fine of $7,500, without admitting or denying the findings.
- Customer Disputes (3 Incidents)
- Excessive Trading (2015): Alleged excessive trading and unauthorized trading resulted in a settlement of $14,999 in 2021, without any financial contribution from Parakhnevich.
- Breach of Fiduciary Duty (Unspecified Time): Claim of unsuitability and breach of fiduciary duty, resulting in a settlement of $90,628.50 in 2022, with no contribution from Parakhnevich.
- Unauthorized Trading (2013-2014): Complaint about unauthorized and excessive trading; the case was denied in 2017.
- Judgment/Lien (1 Incident)
- A civil judgment of $17,493.53 filed by Asset Acceptance LLC in 2011 remains outstanding.
Allegations Against Serge Parakhnevich
- Regulatory Actions:
- Unauthorized discretionary trading in a customer’s account.
- Allegations in Customer Disputes:
- Unauthorized and excessive trading.
- Breach of fiduciary duty and unsuitable investment recommendations.
- Misconduct related to handling of transactions in customer accounts.
- Unauthorized and excessive trading.
- Financial Disclosure:
- An unresolved civil judgment listed under Serge Parakhnevich’s financial disclosures.
Serge Parakhnevich Red Flags & Your Rights As An Investor
Of course, Serge Parakhnevich did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Serge Parakhnevich at PHX Financial on alert to review carefully the activity and performance of their accounts and question whether Serge Parakhnevich has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at PHX Financial also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At PHX Financial Due To Serge Parakhnevich
If you have questions about PHX Financial and/or Serge Parakhnevich and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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