Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Infinity Financial Services. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
Infinity Financial Services, the business name of Infinity Securities, is a broker-dealer that has provided general securities brokerage, mutual fund sales, and investment advisory services through clearing brokers on a fully disclosed basis. Incorporated in California in 2007, the firm is based in Oakland, California.
Infinity Financial Services – By the Numbers:
- CRD #: 144302
- Regulatory Events: 4
- Broker Employees: 38
Infinity Financial Services – In the News:
FINRA v. Infinity Financial Services (Case #2020065124802) – From June 2019 to the present, Infinity failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to surveil rates of deferred variable annuity exchanges. Additionally, between June 2019 and February 2020, Infinity failed to reasonably supervise a former registered representative’s unsuitable variable annuity exchange and purchase recommendations. As a result, Infinity violated FINRA Rules 3110, 2330, and 2010. For these violations, Infinity is censured, fined $25,000, ordered to pay restitution of $25,436, and has agreed to an undertaking.
FINRA v. Infinity Financial Services (Case #2016047845201) – From March 2014 through April 2017, Infinity Financial failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to ensure that the firm conducted required background investigations into disciplinary histories, financial circumstances, and qualifications of its new hires. Based on the foregoing, Infinity Financial violated NASD Rules 3010(a), (b), and (e) and FINRA Rules 3110(a), (b) and (e) and FINRA Rule 2010. From November 2016 through May 2017, Infinity Financial expanded the number of its associated persons and branch offices beyond its membership agreement without filing a continuing membership application (CMA) for a material change in business and without the requisite approval from FINRA. Based on the foregoing, Infinity Financial violated NASD Rule 1017(a) and FINRA Rule 2010.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.