Haselkorn & Thibaut, a leading investment fraud law firm, has initiated an investigation into Richard James Jirinec of PHX Financial, Inc. If you have concerns about your investments with Mr. Jirinec or investment losses, now is the time to get answers with a free, confidential consultation by calling 1-888-994-8066.
About Richard James Jirinec – Jupiter, Florida Financial Advisor
Table of Contents
| Name: | Richard James Jirinec (aka Richard J. Jirinee) |
| Current Firm: | PHX Financial, Inc. |
| Location: | Jupiter, Florida |
| Industry Registration: | Registered since March 5, 2015 with PHX Financial, Inc. |
| Prior Firms: |
|
Examining Richard Jirinec’s Track Record – Disclosures & Complaints
Your due diligence as an investor matters. FINRA BrokerCheck online records are an excellent starting point. We’ve summarized the main points below for easy reference and to help you make empowered decisions.
| Date | Type | Firm Name | Allegation/Issue | Outcome/Status |
|---|---|---|---|---|
| June 2021 | Customer Complaint | PHX Financial, Inc. | Alleged unsuitable recommendations and unauthorized trading in client accounts | Settled for $45,000 |
| May 2018 | Customer Complaint | PHX Financial, Inc. | Claimed excessive trading and high commissions | Dismissed/Denied |
| September 2013 | Customer Complaint | America’s Choice Equities LLC | Alleged unauthorized trading; losses claimed over $100,000 | Settled for $60,000 |
*This list is based on records as of February 2026 and is intended to keep investors informed.*
What Do These Complaints Mean for Investors?
Each of these disclosures indicates at least one customer believed their account was handled improperly. Common issues in customer complaints include:
- Unsuitable recommendations — Selling investments that do not align with the investor’s risk tolerance, goals, or needs.
- Unauthorized trading — Making trades in customer accounts without explicit consent.
- Excessive trading (churning) — Trading with frequency or volume primarily to generate commissions for the broker, not for the customer’s benefit.
- High commissions — Excessive costs can erode investment returns or suggest trading is being done in the broker’s interest over the client’s.
For many investors, a complaint—especially one resulting in a significant settlement—can be a warning sign to review their own accounts and history with that advisor.
Red Flags: Facts to Consider About Richard Jirinec
- Multiple Disclosures: Richard Jirinec has several customer complaints on his record, including two that resulted in substantial settlements to customers for alleged unauthorized trading and unsuitable recommendations.
- Frequent Firm Changes: Five different broker-dealers in less than 25 years, which can merit a closer look at a professional’s practice and oversight.
- Allegations of Excessive Trading: Multiple complaints highlight issues like unauthorized activity or trades that may not have fit the client’s objectives.
What You Should Do If You Have Concerns About Your Investments
It is never too early—or too late—to
