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Violation Tracker Individual Record

Company: PHX Financial, Inc.
Penalty: $347,988
Year: 2024
Date: October 16, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission announced settled charges against broker-dealer PHX Financial, Inc. for violating Regulation Best Interest when one of its registered representatives recommended a short-term, high-volume investment strategy to customers without a reasonable basis.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.