Soreide Law Group is investigating alleged claims regarding the following broker currently listed with PHX Financial in New York, NY:
SERGE PARAKHNEVICH (SERGE PARKER) CRD#: 5493064
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, SERGE PARAKHNEVICH (SERGE PARKER) has been registered in the securities industry for 12 years, and has been listed with 6 firms. Parakhnevich has 4 Disclosures on his FINRA CRD report. One of these Disclosures was a “Regulatory” from August of 2020. SERGE PARAKHNEVICH (SERGE PARKER) was fined $7,500, and suspended for 45 days following the FINRA allegations that without admitting or denying FINRA’s findings, Parakhnevich consented to the sanctions and to the entry of findings that he allegedly executed trades in a client account without the client’s prior written authorization or his member firm’s approval of the account as discretionary.
FINRA’s findings alleged that the client was generally aware of the fact that SERGE PARAKHNEVICH (SERGE PARKER) was exercising discretion in his account. Parakhnevich also allegedly completed and submitted firm compliance questionnaires where he falsely answered questions related to whether he handled client accounts on a discretionary basis.
SERGE PARAKHNEVICH (SERGE PARKER) also has 2 “Customer Disputes” on his CRD report. One dispute from 2015 was denied, and the other dispute filed in April of 2020, is pending following the allegations of, “Unspecified. Claimant alleges unsuitability, breach of contract, breach of fiduciary duty.” The damage amount requested is $249,281.00.
Parakhnevich has been listed with 6 firms, and has been with the following firm since 4/2/2015:
PHX FINANCIAL, INC.
100 WALL STREET 10TH FLOOR
NEW YORK, NY 10005
The more recent firms he was listed with are listed below:
06/06/2013 – 04/02/2015 AEGIS CAPITAL CORP. – MELVILLE, NY
12/02/2011 – 06/06/2013 JOHN THOMAS FINANCIAL – NEW YORK, NY (FINRA expelled the firm on 10/31/2013)
If you’ve experienced financial losses due to the actions or recommendations of SERGE PARAKHNEVICH (SERGE PARKER) of PHX Financial of New York, NY, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents clients nationwide before FINRA.