Recently discovered male specimens of Phallotorynus pankalos are described and diagnosed from males of congener species on the basis of gonopodial morphology, color pattern and number of dorsal and anal-fin rays. The phylogenetic hypothesis of relationships among Phallotorynus species is reappraised with the inclusion of P. pankalos. Phallotorynus pankalos is hypothesized as sister to P. jucundus, a clade sister to P. victoriae or to a clade composed of P. dispilos and P. psittakos. Biogeography of Phallotorynus species is discussed, and it is suggested: (1) an early basal split between the rio Paraíba do Sul drainage and the Paraná-Paraguay system, separating P. fasciolatus from the ancestor of the remaining Phallotorynus species followed by a dispersal to rio Paraíba do Sul; (2) that the formation of the Sete Quedas falls may have isolated the ancestors of P. psittakos and P. dispilos. However, the sequence of events associated with the evolutionary history of Phallotorynus remains unclear and unsatisfactory.
Areagram; Biogeography; Rio Iguatemi Basin; Systematics; Upper Rio Paraná Basin