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.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
