Investor Alert - FLG files claim against PHX Financial, Inc. for unsuitable margin and options trading

Furgison Law Group investigates claims against PHX Financial related to unsuitable investment recommendations

The securities fraud lawyers at Furgison Law Group recently filed a FINRA arbitration claim against PHX Financial, Inc., related to investment recommendations made by Donald A. Durando, Solomon D. Krispeal and Jonathan A. Weinberg. Our investment fraud attorneys are also currently investigating other claims against PHX Financial. The arbitration attorneys at Furgison Law Group are investigating claims involving allegations of churning, breach of fiduciary duty, unsuitable investment recommendations, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct.

Previous Allegations of Misconduct

The CRD Report of Solomon David Krispeal includes the disclosure of at least seven (7) other complaints. The CRD Report of Donald Durando also includes the disclosure of another complaint. These types of complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Donald A. Durando, Solomon D. Krispeal, Jonathan A. Weinberg or PHX FInancial, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.