Investors have reportedly disputed the sales practices of securities broker Jim Eugene Scala Jr. [CRD: 2493873, Valley Village, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Scala worked for PHX Financial Inc. beginning October 29, 2014, and he has been registered with that firm since that date. Keep reading to discover more about Scala’s disclosures.
Notably, on December 18, 2025, a PHX Financial client filed FINRA Arbitration No. 25-02742 about Jim Scala. Primarily, the client alleged that Scala violated Regulation Best Interest during the tenure of the account between June 2020 and December 2022. Because of this, the client allegedly sustained damages related to stocks. Consequently, the client requested $1,180,000 in compensation from PHX Financial or Scala. BrokerCheck shows that this arbitration awaits a resolution.
Particularly, a client of GunnAllen Financial disputed Scala’s sales practices, according to a complaint dated January 9, 2006. Allegedly, Scala made unsuitable recommendations. It appears that Scala allegedly caused the client to sustain damages connected to stocks. As a result, the client sought compensation from GunnAllen Financial or Scala in the amount of $10,000 in this matter. However, the client withdrew this complaint.
Also, a client filed a complaint about Scala. Mainly, the client alleged that Scala engaged in unauthorized trading, churned accounts, charged excessive commissions, and made unsuitable recommendations. For this reason, the client allegedly incurred damages linked to over-the-counter equities. Therefore, on March 18, 1999, Morgan Taylor and Associates settled this matter by paying the client $9,500 in damages.
Did you suffer any investment-related losses because of Jim Scala? Get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the country. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Scala and brokerage firms Scala worked for deny allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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