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Serge Parakhnevich Of PHX Financial And Formerly With Aegis Capital Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Serge Parakhnevich of PHX Financial?

Serge Parakhnevich (CRD #5493064) who is currently registered with PHX Financial and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to PHX Financial, Serge Parakhnevich was associated with Aegis Capital and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Serge Parakhnevich has had his own share regulatory problems.  In 2019, it was the subject of a FINRA investigation while he is working at PHX Financial.  According to FINRA, Serge Parakhnevich was executing trades in the customer’s account without the customer’s prior written authorization or his member firm’s approval of the account as discretionary.  He consented to a 45 day suspension and $7,500 fine without admitting or denying the allegations.

Serge Parakhnevich Customer Complaints

Serge Parakhnevich has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Serge Parakhnevich’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Aegis Capital for investment losses caused by Serge Parakhnevich’s alleged misconduct.

Allegations Against Serge Parakhnevich

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

  • Client alleged unauthorized trading, excessive trading and churning by Serge Parakhnevich.
  • Claimant alleged Serge Parakhnevich’s unsuitability, breach of contract, breach of fiduciary duty.

Serge Parakhnevich Red Flags & Your Rights As An Investor

Of course, Serge Parakhnevich 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 which should put all current and former customers of Serge Parakhnevich at PHX Financial and Aegis Capital on alert to review carefully the activity and performance of their accounts and question whether Serge Parakhnevich has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at PHX Financial and Aegis Capital also raises questions about the brokerage firms’ 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 Due To Serge Parakhnevich

If you have questions about PHX Financial, Aegis Capital, and/or Serge Parakhnevich and 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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