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.”
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