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Phoenix Trading and Research Corp.

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. Catastrophic loss from unhedged U.S. Treasury positions

    Stephen Duthie accumulated unhedged U.S. Treasury positions that caused Phoenix to lose approximately 75% of its assets in a month when the positions were unwound. The episode was described as involving deceitful trading and inadequate oversight rather than proven fraud or general malfeasance.

    Source