Tony Tolene: $100K Complaint Against Infinity Financial Advisor

Harrisburg, Pennsylvania financial advisor Tony Tolene (CRD# 5730068) allegedly mismanaged customers’ money, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Infinity Financial Services.

Mr. Tolene’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in May 2025, alleges that as a representative of Infinity Financial Services, he mis-managed the customer’s money and the customer’s mother’s money. The pending complaint alleges damages of $100,000.

In a statement included with the complaint’s disclosure, Mr. Tolene defended himself against the allegations. “This individual is a client of an affiliated registered investment advisor,” he writes. “The affiliate believes that there has been no mismanagement of the client’s account, as her investment profile was established with a speculative investment objective and maximum risk, and does not agree with the loss assessment, as the losses in the account were unrealized.”

An earlier investor complaint, filed in 2023, similarly alleged that he stole funds “from his mother, father, and brother,” and further that he “persuaded a client to buy a home” for him. In a statement included with the complaint’s disclosure, Mr. Tolene described it as false and unsubstantiated. “Each family member and my client provided signed and notarized letters stating the allegations by my sister are false,” he writes. “My sister has a history of contacting regulatory agencies and submitting false information. My sister erroneously claimed elder abuse with the Pennsylvania Department of Aging against my brother. The department investigated the allegations and determined the allegations were false.

A third disclosure on Mr. Tolene’s BrokerCheck report concerns a FINRA sanction against him. Filed in 2018, it found that he “falsely marked order tickets for solicited trades in customer accounts as unsolicited, causing his member firm to maintain inaccurate books and records.” It also found that he “falsely represented on a firm annual compliance certification form that he had not solicited any firm customers to purchase low priced or unlisted securities.” He was issued a 45-day suspension and a fine of $4,000.

According to the Financial Industry Regulatory Authority, Tony Tolene holds 15 years of securities industry experience. Based in Harrisburg, Pennsylvania, he has been registered as a broker and an investment advisor with Infinity Financial Services since 2016. His past registrations include LPL Financial, PNC Investments, Chase Investment Services Corporation, and David Lerner Associates. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in New York, Pennsylvania, and Virginia. (Information current as of June 23, 2025.)

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