Erez Law is investigating former Phx Financial, Inc. broker Bernard Jasmin (CRD# 4442394), who is accused of unsuitable investment recommendations. He was registered with Phx Financial, Inc. in New York, New York, from 2020 to 2023, and from 2015 to 2019. Previously, he was registered with Empire Asset Management Company in New York, New York, from 2007 to 2015.
Bernard Jasmin Customer Complaints
He has been the subject of four customer complaints between 2007 and 2023, according to his CRD report. The most recent complaints were regarding:
January 2023. “Between the dates of 07/2017 through 01/2018 & 04/2018 through 05/2019 the claimant alleges trading losses. Alleged violations include suitably, churning, breach of fiduciary duty and unauthorized trading.” The customer is seeking $322,734.50 in damages, and the case is currently pending. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Phx Financial, Inc.
April 2021. “Fraud, churning, unauthorized trading, excessive commissions. Claim covers the time period at a previous firm between roughly 02/2013 thru 14/2015.” The customer is seeking $4,800,000 in damages, and the case is currently pending. The complaint was regarding derivatives and equity OTC losses, and it took place while he was registered with Empire Asset Management Company.
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 Bernard Jasmin’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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