Michael William Risko, of Hyde Park, New York, a stockbroker registered with Infinex Investments Inc., was the subject of a customer initiated investment related complaint that was settled on June 7, 2024, for $21,598.31 in damages based upon allegations that Risko failed to execute the customer’s redemption order on real estate securities when Risko was associated with Infinex Investments Inc.
This is not the first time that Risko has been referenced in a customer initiated investment related dispute concerning Risko’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Risko is also referenced in a customer initiated investment related complaint filed on December 7, 2022, in which the customer requested $77,161.99 in damages resulting from the purchase of real estate securities when Risko was associated with Infinex Investments Inc. This complaint was denied.
On June 4, 2024, a FINRA securities arbitration claim involving Risko’s conduct was settled for $50,000.00 in damages based upon allegations that Risko made unsuitable recommendations in real estate investment trusts given the customer’s investment profile when Risko was associated with Essex National Securities LLC. FINRA Arbitration No. 23-01827.
Risko has been associated with Osaic Institutions Inc. in Hyde Park, New York since July 1, 2016.
