DID Hakim ATIBA Donadelle CAUSE YOU INVESTMENT LOSSES?
Hakim Donadelle Of PHX Financial, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
About Hakim Donadelle of PHX Financial, Inc.?
Hakim Donadelle (CRD #2477436) , presents a troubling professional profile marked by a series of regulatory and customer disputes. Currently registered with PHX Financial, Inc. in Fort Lauderdale, Florida since December 2013, Donadelle’s career path is fraught with red flags. His registration history reveals a pattern of short stints at multiple firms, including Caldwell International Securities and National Securities Corporation, suggesting possible instability or dissatisfaction from employers. Licensed in 17 U.S. states and territories, Donadelle has completed only two general industry/product exams and one state securities law exam. Despite these qualifications, his record is heavily blemished by multiple regulatory events and customer disputes, painting a picture of a broker whose practices often come under scrutiny.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Hakim Donadelle Customer Complaints and Reviews
Donadelle’s record includes several significant disclosures:
- Regulatory Events: Two final regulatory events with the Illinois regulatory body led to revocation due to failure to disclose a reportable matter on his Form U-4.
- Customer Disputes: Four customer disputes have been noted. One particularly severe case involved allegations of unauthorized transactions with requested damages of $113,000; it was settled for $43,000.
- Terminations: He was permitted to resign from First Midwest Securities, Inc. in 2009 following allegations related to failure to report a non-security related matter, which suggests possible concerns regarding transparency and compliance.
- Judgments/Liens: Two tax liens against him for amounts totaling over $24,000 indicate financial irresponsibility or mishandling, which could be a concern for potential clients.
Allegations Against Hakim Donadelle
The allegations against Hakim Donadelle include:
- Failure to disclose necessary information on his Form U-4, leading to regulatory action and revocation of his license.
- Unauthorized trading and other questionable practices leading to customer disputes and significant settlements.
- Failure to comply with regulatory standards, resulting in multiple regulatory sanctions and fines.
- Financial irresponsibility, as evidenced by tax liens and other financial issues that have led to legal action against him.
These allegations not only raise questions about his ethical standards but also his ability to manage clients’ investments responsibly.
Hakim Donadelle Red Flags & Your Rights As An Investor
Of course, Hakim Donadelle 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 Hakim Donadelle at PHX Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Hakim Donadelle has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at PHX Financial, Inc. 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, Inc. Due To Hakim Donadelle
If you have questions about PHX Financial, Inc. and/or Hakim Donadelle 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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