Infinex Investments

Broker Richard Corder in Infinex Investments, INC. Firm Has Customer Complaint

October 14, 2025 | by Staff Attorney

Previously financial advisor Richard Corder (Corder), previously employed by brokerage firm Infinex Investments, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $20,000.00 on July 29, 2025.

The customer's counsel alleges that the recommendation of a non-traded REIT investment in 2014 was not in keeping with the client's investment needs and objectives, and that full disclosure was not made about the product.

Broker Kim Schardan in Infinex Investments, INC. Firm Has Customer Complaint

August 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kim Schardan (Schardan), previously associated with Infinex Investments, INC., has at least one disclosable event. These events include one customer complaint, alleging that Schardan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $190,000.00 on June 01, 2023.

Representative sold unsuitable investments for this client’s investor profile.

There are Recent Customer Complaints with Broker Twyla Youngblood in Firm Infinex Investments, INC.

July 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Twyla Youngblood (Youngblood), previously associated with Infinex Investments, INC., has at least one disclosable event. These events include one customer complaint, alleging that Youngblood recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $75,000.00 on July 24, 2023.

Claimant is seeking estimated total damages between $75,000.00 – $125,000.002, including compensatory damages, as well as any other additional damages as this Panel May see fit, including improper fees, costs, and other expenses, plus interest, and costs, due to Respondent’s negligent, improper conduct, breach of contract, breach of fiduciary duty, negligence, negligent supervision, and violation of applicable laws and industry rules.

Broker Maria Valido in Infinex Investments, INC. Firm Has Customer Complaint

May 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maria Valido (Valido), previously associated with Infinex Investments, INC., has at least one disclosable event. These events include one customer complaint, alleging that Valido recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on April 16, 2024.

Investment was unsuitable in light of claimant’s desire for safety and principal preservation.

Infinex Investments Fined Over Unsuitable Sale of Non-Traditional (Leveraged) ETFs

July 2, 2014 | by Staff Attorney

The Financial Industry Regulatory Authority (FINRA) has sanctioned Infinex Investments, Inc. (Infinex Investments) concerning allegations that from April 2009, through March 2011, Infinex Investments permitted 35 registered representatives who received minimal training on inverse and inverse-leveraged Exchange-Traded Funds (Non-Traditional ETFs) to sell them to customers. FINRA alleged that the firm and brokers failed to perform reasonable due diligence to understand the risks and features of the product necessary in order to recommend 229 customers approximately 835 transactions in these products. In addition, FINRA also found that some of the recommendations were also unsuitable on a customer specific basis. Finally, FINRA also found that Infincx Investments also failed to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable FINRA rules relating to the sale of Non- Traditional ETFs.

Infinex Investments has been a FINRA firm since 1994, is a full service broker-dealer with its primary business being the retail sale of mutual funds and variable annuities. The firm employs approximately 400 registered representatives located in approximately 500 branches.

As a background, ETFs attempt to track a market index. ETFs can be either attempt to track the index or apply leverage in order to amplify the returns of an underlying stock position. A leveraged ETF with 300% leverage will attempt to return 3% if the underlying index returns 1%. Nontraditional ETFs can also be designed to return the inverse or the opposite of the return of the benchmark. Leveraged ETFs are generally used only for short term trading. The Securities Exchange Commission (SEC) has warned that most Non-Traditional ETFs reset daily and are designed to achieve their stated objectives on a daily basis. In addition to the risks of leverage the performance of Non-Traditional ETFs held over the long term can differ drastically from the underlying index or benchmark during the same period. FINRA has also acknowledged that leveraged ETFs are complex products that carry significant risks that are typically not suitable for retail investors.