Last Updated: September 2023 (Fort Lauderdale, FL)
Serge Parakhnevich Investigation Summary
Here’s what you need to know about Fort Lauderdale, FL, stockbroker Serge Parakhnevich:
- Name: Mr. Serge Parakhnevich
- Current Employer: PHX Financial Inc.
- Previous Firms: Aegis Capital, John Thomas Financial, Clark Dodge & Co.
- Function: Stock Broker/ Financial Advisor
- Aliases: Serge Parker
- Primary Location: Fort Lauderdale, FL
- CRD 5493064
- Can Serge Parakhnevich be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement: $90,628
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Serge Parakhnevich As Your Stockbroker?
In 2020 FINRA suspended Serge Parakhnevich and fined him $7,500 to resolve allegations that he executed trades in a customer account without the customer’s prior written authorization or his member firm’s approval of the account as discretionary.
In 2021 a customer of PHX Financial was paid $14,999 to resolve allegations that Serge Parakhnevich traded the account excessively and made unauthorized trades.
IN 2022 a customer of Aegis Capital was paid $90,628 to settle a FINRA arbitration alleging that Serge Parakhnevich had made unsuitable recommendations and breached his fiduciary duty to the customer.
Allegations of Broker Misconduct Against Serge Parakhnevich
Customers of Serge Parakhnevich have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Churning
- Unauthorized Trading
- Breach of Fiduciary Duty
- Excessive trading
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Serge Parakhnevich, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
