September 18, 2019 Comments (0) Blog, Current Investigations

Halil Kozi (Hal Kozi) Broker Investigation

Halil Kozi (Hal Kozi) Broker Investigation, featured by top securities fraud attorneys, The White Law Group

Financial Advisor Halil Kozi, PHX Financial in New York, NY

Are you concerned about investments with Halil Kozi (Hal Kozi) in New York, NY? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to FINRA complaint filed on September 17, the regulator’ Department of Enforcement alleges that while associated with his member firm, PHX Financial, Kozi allegedly “churned and excessively traded” a customer’s account.

Kozi allegedly recommended his customer invest in approximately 208 equity and options transactions, with a principle value of over $3 million, according to the allegations in the complaint.

The resulting annualized cost-to-equity ratio –the amount the account had to appreciate to break even—was reportedly 53%. Kozi’s recommended transactions for his customer’s account allegedly generated gross commissions totaling over $135,000 of which Kozi reportedly received $87,000 while purportedly causing his customer’s account to lose $72,000, according to FINRA’s complaint.

According to his FINRA BrokerCheck report, Kozi was reportedly affiliated with PHX Financial in New York, NY from March 2013 until March 2016.

According to his broker record, Kozi has been registered with 18 different firms during his 24 years working in the securities industry. His FINRA BrokerReport also indicates that he reportedly has four judgement/liens, one customer complaint, and one employment separation indicated on his broker profile.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Kozi’s former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as churning or excessively trading accounts, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including New York. Our attorneys have recovered tens of millions of dollars from brokerage firms.

If you have suffered losses investing with Halil Kozi, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

 

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