National investment fraud lawyers KlaymanToskes is investigating Todd Sanders (CRD# 2819147) after the previously registered broker received over $5 million in alleged customer complaints. According to Sander’s Brokercheck Report, he was registered with PHX Financial, Inc. from 2015 to 2019 in Parkland, FL.
Two Customer Complaints Against Todd Sanders:
If you have suffered investment losses due to the management of your accounts by Todd Sanders and/or PHX Financial, contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com to discuss your recovery options.
Excessive trading refers to a situation where a registered financial professional makes a large number of trades in a customer’s account not to benefit the customer but to generate further commissions for the representative.
According to FINRA’s September 29, 2020 Podcast, “churning” is a more egregious form of excessive trading in which a registered financial professional not only executes an excessive number of trades, but does so with either an intent to defraud or with reckless disregard of a customer’s interests.
KlaymanToskes can help you determine whether an investment loss is the result of a financial brokerage firm and/or a financial advisor’s excessive trading or “churning.” Depending on your circumstances, you may be entitled to recover your losses through FINRA arbitration.
Investors can learn more about their advisor through FINRA BrokerCheck – a free tool provided by the Financial Industry Regulatory Authority that discloses broker’s licensing, employment history, and most importantly, public disclosures. If your broker’s profile has disclosures, KlaymanToskes highly recommends reviewing your accounts for misconduct similar to that alleged in the disclosures.
Below is a list of PHX Financial brokers, along with their CRD numbers and linked FINRA BrokerCheck profiles:
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation matters for its clients. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com