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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com