PHX Financial Stockbroker Subject To Customer Arbitration

Serge Parakhnevich, a regustered representative formerly associated with the of Melville, New York office of Aegis Capital, and presently associated with PHX Financial Inc., was the subj3ect of a customer initiated investment related complaint in August 17, 2015, in which the customer requested $100,000.00 in damages based upon allegations that Parakhnevich, during his association with Aegis Capital effected excessive and unauthorized trades, and churned the customer’s investment account, involving both Real Estate Investment Trust and Over-the Counter securities.

Aegis denied the customer complaint in June 2017.  Parakhnevich denies the customer’s allegations as untrue, and represents that he is seeking to have this matter expunged from his Public Disclosure Records.

According to FINRA Public Disclosure Records,  in 2014, Parakhnevich learned of an unsatisfied judgment in the amount of $17,493 against him from 2011 by Asset Acceptance LLC.  Public Disclsure Records also reveal that since 2008, Parakhnevich has been associated with six different broker dealers, three of which, John Thomas Financial, Clark Dodge & Co.. Inc., and Brookstone Securities have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.

Guiliano Law Group

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