The Financial Industry Regulatory Authority Inc. has suspended Halil Kozi for two years over a case involving inappropriate options trades and account churning.
Mr. Kozi, who hasn’t worked in the securities industry since 2017, submitted a sworn financial statement and demonstrated an inability to pay, so Finra imposed no monetary sanctions.
In its settlement offer, Finra noted that Mr. Kozi, while a broker at PHX Financial between June 2013 and February 2015, generated more than $135,000 in gross commissions and over $87,000 in commissions for himself through unsuitable options trading for one customer, who incurred a net loss of nearly $72,000.
Mr. Kozi began his securities career in 1987 and worked at 18 firms through 2017. Three of those firms have been expelled by Finra.
In 1998, he was discharged by J.B. Oxford for unauthorized trading in a customer’s account totaling $43,869.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
