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Michael Risko: REIT Allegations Against Infinex Advisor
Hyde Park, New York financial advisor Michael Risko (CRD# 1975573) is involved in an investor dispute alleging his conduct resulted in damages. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Infinex Investments, where he is also registered with the firm’s offices in Kingston and Hurley.
Mr. Risko’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleges that as a representative of Infinex Investments, he provided “poor service” that resulted in the customer missing an REIT distribution. The pending complaint alleges damages of $77,161.99.
For reference, FINRA Rule 2010 states that brokers associated with FINRA must “observe high standards of commercial honor and just and equitable principles of trade.” A number of types of misconduct, including the failure to follow instructions and the provision of poor service, may be considered violations of this rule, so long as the alleged activities occur “in the conduct of [the member’s] business.” Brokers who violate FINRA Rule 2010 may be held liable for damages in the event of losses.
According to the Financial Industry Regulatory Authority, Michael Risko holds 31 years of securities industry experience. Based in Hyde Park, Kingston, and Hurley, New York, he has been a broker and an investment advisor with Infinex Investments since 2016. His past registrations include Essex National Securities (Elizabeth, New Jersey; 2009-2016), Barclays Global Investors Services (Jersey City, New Jersey; 2007-2009), AIM Distributors (Houston, Texas; 2007), Dividend Capital Securities (Denver, Colorado; 2006-2007), AIM Distributors (Houston, Texas; 1998-2006), Fortis Investors (Oakdale, Minnesota; 1997-1998), Washington Square Securities (Windsor, Connecticut; 1995-1996), Reliastar Financial Marketing Corporation (Seattle, Washington; 1995), Oppenheimer Funds Distributor (New York, New York; 1991-1995), and Invest Financial Corporation (Appleton, Wisconsin; 1989-1991). His credentials include the passage of five securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Connecticut, Florida, New Jersey, and New York. (Information current as of January 14, 2023.)
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.