Our firm is investigating PHX Financial, Inc. financial advisor Richard James Jirinec (CRD# 2580370) of Jupiter, Florida for potential investment-related misconduct.
Financial Advisor’s Career History
Based on his FINRA registration history, Richard J. Jirinec has been registered with the following firms:
- PHX Financial, Inc. (Jupiter, FL) — 03/2015 to Present
- Securities America, Inc. (Jupiter, FL) — 06/2014 to 03/2015
- Dalton Strategic Investment Services Inc. (Jupiter, FL) — 06/2013 to 07/2014
- America’s Choice Equities LLC (Palm Beach Gardens, FL) — 09/2005 to 06/2013
- GunnAllen Financial, Inc. (Tampa, FL) — 05/2003 to 09/2005
- Harrison Securities, Inc. (Port Washington, NY) — 01/2001 to 06/2003
- Whitehall Wellington Investments, Inc. (Port Washington, NY) — 02/1998 to 12/2000
- Gaines, Berland Inc. (Bethpage, NY) — 07/1997 to 02/1998
- HGI (Jericho, NY) — 06/1996 to 07/1997
Richard James Jirinec Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects two customer dispute disclosures reported for Mr. Jirinec.
Disclosure snapshot (for context)
- Customer Dispute (Pending) — Alleged Regulation Best Interest violations; listed equities; alleged damages $1,180,000; FINRA arbitration docket 25-02742; notice served 12/18/2025; account period 06/01/2020–12/2022; arbitration pending.
- Customer Dispute (Settled) — Alleged unauthorized trading (OTC equities); alleged damages $35,000; complaint received 05/18/2000; NASD case 00-03613; settled 01/28/2001; settlement $7,500; individual contribution $3,750.
Pending FINRA arbitration alleging Regulation Best Interest violations (Docket No. 25-02742)
According to the disclosure, the estate of deceased clients alleges there were Regulation Best Interest violations during the account period 06/01/2020 through 12/2022, involving listed equities (common & preferred stock), with alleged damages of $1,180,000. The matter is reported as a FINRA arbitration, docket/case number 25-02742, with notice/process served on 12/18/2025, and it is currently pending.
Settled customer dispute alleging unauthorized trading (NASD Case No. 00-03613)
BrokerCheck also reports a customer dispute in which the customer alleged that stocks were bought and sold without authorization involving OTC equity, with alleged damages of $35,000. The complaint was received on 05/18/2000 and is reported as settled, with a settlement amount of $7,500 and an individual contribution of $3,750, with disposition date 01/28/2001 (NASD Case 00-03613).
To obtain a copy of Richard James Jirinec’s FINRA BrokerCheck report, visit this link:
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is often implicated when customers allege “best interest” failures because the rule requires that recommendations be suitable in light of the customer’s investment profile—such as objectives, risk tolerance, time horizon, and financial circumstances. Allegations that an estate suffered significant losses during a defined period (06/01/2020–12/2022) in listed equities can raise questions about whether the strategy matched the customers’ needs, whether risks and costs were appropriately considered, and whether the overall recommendation process was reasonable under the circumstances.
FINRA Rule 3260 (Discretionary Accounts) is frequently relevant in disputes alleging unauthorized trading, because discretionary authority generally must be properly granted and documented before a broker can effect transactions without the customer’s prior approval. A complaint alleging that securities were “bought and sold without authorization” (OTC equities) is the type of fact pattern that can trigger scrutiny of whether the representative had appropriate written authorization and whether the firm maintained adequate controls around discretionary-like activity.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is a broad ethics rule that can apply across many sales-practice disputes, including allegations involving unauthorized trading or failures to act in a customer’s best interest. In practice, when allegations suggest conduct that is inconsistent with fair dealing—such as executing trades without permission or allegedly failing to meet best-interest standards—Rule 2010 is commonly analyzed alongside more specific rules to assess whether the conduct fell short of just and equitable principles of trade.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.
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