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.
ALI BARRY MAHLOOJI is currently registered as a broker with PHX FINANCIAL, INC., in New York, NY. Mahlooji has been with PHX FINANCIAL since 12/16/2019. He was previously registered with NATIONAL SECURITIES CORPORATION in Jersey City, New Jersey from 11/20/2012 - 12/17/2019.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ALI BARRY MAHLOOJI has been in the securities industry for 19 years and has been listed with 7 firms. Mahlooji has 5 disclosures on his FINRA CRD report, all 5 are “Customer Complaints.” The significance of ALI BARRY MAHLOOJI’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, ALI BARRY MAHLOOJI’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
Of the 5 “Customer Complaints” filed against ALI BARRY MAHLOOJI, 3 have settled, 1 was denied, and 1 is pending. Of the settled complaints, one is dated 8/19/2024. The allegations were, “Between the dates of 11/2020 thru 12/2023, claimant alleges respondent recommended unsuitable investments.” This dispute settled for $270,000.00. In a Broker Comment, Mahlooji denies the allegations.
There is a settled dispute filed against ALI BARRY MAHLOOJI dated 10/29/2021. This dispute settled for $40,000.00, with the following allegations, “ATTORNEY FOR THE CLIENT CLAIMS THAT THE INVESTMENT WAS NOT SUITABLE. TIME PERIOD OF ALLEGED ACTIVITY 2017-2019.”
A dispute dated 4/13/2021 settled for $6,500.00, following allegations of, “Claimant was a former client from a previous firm that invested in a REIT and claims he was not suitable for the investment.”
The pending dispute filed against ALI BARRY MAHLOOJI, dated 12/15/2023, is requesting $280,765.51. The allegations are, “During the time frame between June 2014 through September 2022, claimants allege respondent was negligent with unsuitable recommendations.”
To discuss this article or any other securities issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.
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.
Phone:
Fax: 1-954-760-6553
Email: [email protected]