Did you suffer investment losses with PHX Financial (CRD# 144403) (SEC# 8-67653)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with PHX Financial. If you suffered losses investing with PHX Financial, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of May 5, 2020, PHX Financial’s FINRA BrokerCheck Report contains the following:
2 Regulatory Event Disclosures
1 Arbitration Disclosures
Main Office Location
100 WALL STREET
FLOOR 10
NEW YORK, NY 10005
USA
Mailing Address
100 WALL STREET
FLOOR 10
NEW YORK, NY 10005
USA
Business Telephone Number
212-776-4187
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
PHX Financial’s Direct Owners and Executive Officers
PHOENIX FINANCIAL CONSOLIDATED HOLDINGS, LP, PARENT OF BROKER DEALER
CHEN, KEVIN (CRD#:4871316), CHIEF EXECUTIVE OFFICER
DELAPLAIN, ROBERT CHARLES (CRD#:1017107), PRESIDENT, RSFOP, POO
GILMAN, ROBERT CRAIG (CRD#:1738412), FINOP – PFO
OTOYA, DANIEL ORLANDO (CRD#:2208241), CHIEF COMPLIANCE OFFICER
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with PHX Financial and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
Formerly Known As, Aliases, and Affiliates
BLACKWALL CAPITAL MARKETS, INC., GRANDVIEW CAPITAL, INC., PHOENIX FINANCIAL SERVICES, BLACKWALL CAPITAL MARKETS, INC., GRANDVIEW CAPITAL, INC., PHOENIX FINANCIAL SERVICES
