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Gregory Spencer OBrien Of PHX Financial, Inc. And Formerly with Aegis Capital Corp. Has 5 Customer Complaints for Alleged Broker Misconduct

Who is Gregory S. OBrien with PHX Financial, Inc.?

Gregory OBrien (CRD #3154314) who is currently registered with PHX Financial, Inc. and located in Hauppauge, New York is a subject of one of our many securities industry sales practice abuse investigations.

Prior to PHX Financial, Inc., Gregory OBrien was associated with Aegis Capital Corp. and 4other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Aegis Capital Corp. Broker Misconduct

In his career, Gregory OBrien has been the subject of 5 customer complaints that we know about, all of those complaints were filed in connection with his employment at Aegis Capital Corp. in 2 of those complaints were filed in the last 2 years to recover investment losses.

Three of Gregory OBrien’s 5 customer complaints were settled in favor of investors. There is currently 1 pending customer complaint filed against Gregory OBrien’s former employer Aegis Capital Corp. for investment losses caused by his alleged misconduct.

Allegations Against Gregory OBrien

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The claimant alleges that Gregory O’Brien made unsuitable recommendations to trade on margin in his account.
  • The client alleged unauthorized trading.
  • The claimant alleged breach of fiduciary duty, fraud, and negligence.
  • The claimant alleged unsuitable investment recommendations and breach of his fiduciary duty, and breach of contract related to the investments in common stocks, real estate securities, and unit investment trusts.

Gregory OBrien Red Flags & Your Rights as An Investor

Of course, Gregory OBrien 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 that should put all current and former customers of Gregory OBrien at PHX Financial, Inc. and Aegis Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether Gregory OBrien has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Aegis Capital Corp. about Gregory OBrien also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At PHX Financial, Inc. And Aegis Capital Corp.

If you have questions about PHX Financial, Inc., Aegis Capital Corp., and/or Gregory OBrienand 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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