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Broker Misconduct Investigation: Alex King (PHX Financial)

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Updated on: July 15, 2025

National investment loss lawyers KlaymanToskes is investigating broker Alex King (CRD# 5842211) of PHX Financial.

According to FINRA BrokerCheck, broker Alex King is involved in a customer complaint alleging $500,000 in damages due to misrepresentation, negligent behavior and breach of fiduciary duties. The complaint allegedly relates to recommendations to invest in private placement investments.

Investors that suffered losses with broker Alex King are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

PHX Broker Alex King Faces Customer Complaint

Financial advisor Alex King, of PHX Financial, is currently facing a customer complaint alleging $500,000 in damages and that he recommended unsuitable investments in private placements. The complaint also alleges misrepresentation, negligent behavior and breach of fiduciary duties.

The broker’s comment listed for the disclosure states: “I deny any wrongdoing; these allegations are frivolous in nature. My client’s account was profitable throughout its tenure with me up until the account transferred out. Subsequent to the resolution of this matter I intend to seek full expungement from my record.” According to FINRA BrokerCheck, broker Alex King is employed as a broker with PHX Financial in New York, NY. 

Investment Losses with Broker Alex King?

Investment Losses with Broker Alex King?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Alex King, or have concerns regarding your investment portfolio at PHX Financial, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.