PHX Financial, Inc.
PHX Financial Group (PHX) is a subsidiary of Blackwall Capital Management, LLC and business under the name Phoenix Financial Services. Phoenix promotes itself as specializing in personalized investment services for individuals and institutions. Headquartered on Wall Street, they began operations in 2006.Regulatory Violations Proposed Action in Montana Pending
In a pending action by the Montana Commissioner of Securities and Insurance, PHX is accused of failure to supervise, charging excessive commissions and failure to comply with heightened supervision program imposed by the Commissioner. The Commissioner is seeking fines, restitution and revocation of PHX’s registration in Montana for this action which stems from a customer complaint alleging excessive trading or “churning”, charging excessive commissions, failing to provide account statements and trading on margin without authority by a broker who was supposed to be under heightened supervision. The customer lost virtually his entire investment of almost $150,000 and was charged over $75,000 in commissions.Silver Law Group
Silver Law Group is a nationally recognized securities and investment fraud law firm with Martindale-Hubbell® Peer Review Ratings™ “AV” rated lawyers that handle all securities arbitration matters on a contingency fee basis. The Law Firm, at no cost to investors will review account activity and account statements to determine whether there was any misconduct, whether there are damages and the legal causes of action. We investigate all sales practice violations, while taking into consideration the investor’s age, investment background, and the relationship between the investor and the brokerage firm and its financial advisor. According to securities industry rules and regulations, unsuitable investment advice, securities concentration, fraudulent misrepresentations and omissions of material facts, breach of fiduciary duty, conflicts of interest, variable annuity switching are among the causes of action that may be available to investors in claims for damages against brokerage firms and their financial advisors in a securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA). We represent investors in FINRA arbitration claims on a contingency fee basis.
To learn more call us at (954) 755-4799 or Toll Free at (800) 975-4345