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UPDATE: Halil Kozi of PHX Financial SUSPENDED – New York, NY

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18
Mar

UPDATE: Halil Kozi of PHX Financial SUSPENDED – New York, NY

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UPDATE:  Halil Kozi of PHX Financial SUSPENDED – New York, NY

Halil Kozi, previously with PHX Financial, Suspended for Two Years

Have you lost money with financial advisor Halil Kozi?  We are continuing to look into allegations made about Halil Kozi from New York, New York.  In 2019, FINRA (the Financial Industry Regulatory Authority) filed a complaint against Kozi, seeking to punish or fine him.  In March 2020, FINRA ordered Kozi to be suspended for two years.

FINRA was investigating Halil Kozi, a broker who previously worked with PHX Financial, regarding allegations that Kozi engaged in excessive trading or churning between June 2013 and February 2015.  FINRA alleged that one of Kozi’s customers had a cost-to-equity ratio of 53%.  To put this in perspective, if an account had a cost equity ratio of 53%, that means the trading in the account would have to make a 53% profit annually just to break even from the costs of trading.

Halil Kozi was a financial advisor and registered representative of PHX Financial from March 2013 to March 2016.  Kozi was also affiliated with Buckman, Buckman & Reid from February 2016 to May 2017.  He worked at a branch office in New York, New York. 

Brokerage firms like PHX Financial have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including New York City. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

IF YOU LOST MONEY WITH HALIL KOZI OR PHX FINANCIAL, PLEASE CONTACT US AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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