| 13.05.2026 SEC closes PHX Financial churning case: Red flags every retail investor and allocator should know |
| Matthias Knab, Opalesque: The U.S. Securities and Exchange Commission on May 12, 2026 approved a plan of distribution that will return $347,989.04 to retail customers of PHX Financial, Inc. who were harmed by a registered representative's short-term, high-volume trading strategy carried out between January 2019 and October 2021. According to the underlying Commission order (Exchange |