Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Melvin Payne (Payne), previously associated with PHX Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Payne recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $48,732.00 on March 09, 2020.
Time frame: unspecified. Claimant alleges unsuitability, breach of contract, breach of fiduciary duty.