Erez Law is currently investigating PHX Financial, Inc. broker Alex Ng (CRD# 5842211) regarding stock losses. He has been registered with PHX Financial, Inc. in New York, New York, since 2022. He was registered with National Securities Corporation in New York, New York, from 2010 to 2022.
Alex Ng Customer Complaints
He has been the subject of two customer complaints in 2025, according to his CRD report:
October 2025. “Clients allege that upon transferring their account to Mr. King, he reallocated portfolio holdings into unsuitable investments comprised of blue chips, sector funds and alternative investments.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks and private equities, and it took place white he was registered with PHX Financial, Inc.
May 2025. “Client alleges misrepresentation, negligent behavior and breach of fiduciary duties.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks, and it took place white he was registered with PHX Financial, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, PHX Financial, Inc. may be liable for investment or other losses suffered by Alex Ng’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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