Were you the victim of PHX Financial, Inc. broker Donald Durando (CRD# 5509340) who is accused of options investment losses? He has been registered with PHX Financial, Inc. in Hauppauge, New York since 2014.
Donald Durando Customer Complaints
He has been the subject of two customer complaints between 2014 and 2020, according to his CRD report:
March 2020. “Unsuitable investments.” The customer sought $650,000 in damages and the case was settled for $230,000. The complaint was regarding options and equity OTC losses.
March 2014. “Unsuitable investment recommendations.” The customer sought $108,000 in damages and the case was settled for $7,500.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, PHX Financial, Inc. may be liable for investment or other losses suffered by Donald Durando’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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