According to the Financial Industry Regulatory Authority (FINRA), Connecticut-based brokerage/advisory firm Infinex Investments, Incorporated (CRD# 35371) is the subject of numerous regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Infinex Investments.
Headquartered in Meriden, Connecticut, Infinex Investments was formed in 1993 and is registered in 52 US states and territories. Stephen Paul Amarante serves as President and Chief Executive Officer; William Francis Cummings serves as Executive Vice President, Chief Operating Officer, and General Counsel; Daniel John Forte serves as Vice Chairman; and Margaret Goz serves as Chief Financial Officer and Treasurer.
According to its BrokerCheck report, Infinex Investments is the subject of five regulatory sanctions.
In 2014 FINRA sanctioned Infinex Investments following allegations the firm failed to subject non-traditional exchange-traded funds (ETFs) to an equivalent degree of review as other new products it offered to retail customers. According to FINRA’s findings, Infinex Investments recommended customers invest in non-traditional ETFs “without performing reasonable due diligence to understand the risks.” Infinex Investments was sanctioned and issued a fine of $75,000.
In 2011 FINRA sanctioned Infinex Investments following allegations the firm failed to maintain adequate order tickets pertaining to corporate bond transactions. Infinex Investments was censured and issued a fine of $15,000.
In 2009 the State of New York Insurance Department sanctioned Infinex Investments following allegations the firm filed incorrect insurance license applications in 2004. Infinex Investments was fined $2,250.
In 2007 the State of Illinois sanctioned Infinex Investments following allegations the firm acted as a dealer without proper registration in Illinois. Infinex Investments was fined $6,500.
In 1996 the Connecticut Department of Banking sanctioned Infinex Investments following allegations the firm transacted business from one or more locations without properly registering in the state. Infinex Investments was fined $500.
If you have complaints regarding Infinex Investments, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. Since all cases are taken on contingency, we only get paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.