Infinex Investments Fined Over ETF Sales

Infinex Investments Fined Over ETF Sales 150 150 Rex Securities Law

By Robert H. Rex, Esq.

In June 2014 Infinex Investments was fined $75,000 by the Financial Industry Regulatory Authority (FINRA) and order to pay restitution to customer of over $287,000 in connection with sale of exchange traded funds (ETFs).

FINRA alleged that Infinex was allowing brokers to sell ETFs without adequately understanding the produce and selling to persons who were not suited to take the risk associated with this type of investment.

In April 2014, Infinex Investments broker John E. Tucker was fined $10,000 and suspended for two months to resolve FINRA allegations that he sold ETFs without conducting adequate due diligence and to persons for whom such investments were unsuitable. 

If you have losses on exchange traded funds and believe the nature of these investments was misrepresented to you, call to discuss your legal rights with an experienced securities attorney. 

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