Former Ameriprise Financial Services advisor Shawn Parker (CRD# 1768234) has received investor complaints alleging her REIT and variable annuity recommendations...Read More
$100K Complaint Against Jackson Advisor Michael Chandler
A pending investor complaint against Infinex Investments financial advisor Michael Chandler (CRD# 2696470) alleges his recommendations led to six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor based in Jackson, Mississippi.
Mr. Chandler’s BrokerCheck report discloses two investor complaints. The most recent, filed in November 2021, alleges that as a representative of Infinex Investments, he made a poor recommendation of an illiquid real estate investment trust without conducting reasonable due diligence, and that the investment was over-concentrated. The pending complaint alleges damages of $100,001.
A second investor complaint, filed in 2018, alleged that while at Infinex Investments, Mr. Chandler failed to disclose the risks associated with an investment in non-traded real estate investment trusts. In 2019 the complaint reached a settlement of $25,000.
According to the Financial Industry Regulatory Authority, Michael Chandler holds 26 years of securities industry experience. Based in Jackson, Mississippi, he has been a broker and investment advisor with Infinex Investments since 2013. His past registrations include Bancorpsouth Investment Services (Jackson, Mississippi; 2012-2013), Raymond James Financial Services (Brandon, Mississippi; 2007-2012), The Strategic Financial Alliance (Atlanta, Georgia; 2007), Multi-Financial Securities Corporation (Mendenhall, Mississippi; 2004-2007), IFG Network Securities (Atlanta, Georgia; 2001-2004), Triad Advisors (Norcross, Georgia; 2001), PFIC Securities Corporation (Franklin, Tennessee; 1998-2001), and Trustmark Financial Services (Jackson, Mississippi; 1996-1998). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He is licensed in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, South Dakota, Tennessee, and Texas. (Information current as of June 27, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.