Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors potentially experienced sales practice violations by securities broker Alex Ng (also known as Alex King) [CRD: 5842211, New York, New York], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ng worked for National Securities Corporation from December 20, 2010, to June 1, 2022, and has been registered with PHX Financial Inc. since May 27, 2022. Investors should continue reviewing the information below to find out more about disclosures involving Ng that have been reported through FINRA.
Evidently, on September 4, 2025, a PHX Financial Inc. client filed FINRA Arbitration No. 25-01852 about Alex Ng. Primarily, the client alleged that Ng made unsuitable recommendations by reallocating portfolio holdings after an account transfer. For this reason, the client allegedly experienced damages associated with stocks. As a result, the client requested $500,000 in compensation from PHX Financial Inc. or Ng. It appears that this arbitration is pending a resolution.
Also, a client of PHX Financial Inc. contested Ng’s sales practices by filing FINRA Arbitration No. 25-00598 on March 28, 2025. Allegedly, Ng made misrepresentations and was negligent, while also breaching his fiduciary duty. It appears that Ng allegedly caused the client to sustain damages relating to stocks and private equity investments. Consequently, the client seeks compensation from PHX Financial Inc. or Ng in the amount between $500,000 and $1,000,000 in this ongoing matter.
Are you concerned regarding investments you made through Alex Ng? Contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Ng and brokerage firms Ng worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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