Derek Malone Linked To Infinex Investments Investor Complaint About Misrepresentation

Investors potentially experienced sales practice violations by securities broker Derek Wilhelm Malone [CRD: 5495233, New York, New York], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Derek Malone has been registered with Osaic Institutions Inc. (also known as Infinex Investments) since July 1, 2016, where he worked as a broker and investment adviser. Investors should continue reviewing this article to learn more about the disclosures reported on Malone’s FINRA BrokerCheck record.

Infinex Investments Investor Accused Malone Of Sales Practice Violations

Particularly, a client filed a complaint about Derek Malone. Primarily, the client alleged that Malone made misrepresentations. Because of this, the client allegedly experienced damages related to CDs. Consequently, on July 20, 2023, Infinex Investments Inc. settled this matter by paying the client $2,000 in damages.

Infinex Investments Inc. Investor Accused Derek Malone Of Misrepresentation

Notably, an Infinex Investments Inc. client filed a client complaint about Derek Malone. Mainly, the client alleged that Malone made misrepresentations. For this reason, the client allegedly incurred damages relating to CDs. Therefore, on July 20, 2023, Infinex Investments Inc. settled this matter by paying the client $2,000 in damages.

Essex National Securities LLC Investor Accused Malone Of Unsuitable Recommendations

Also, an Essex National Securities LLC client filed FINRA Arbitration No. 20-03409 about Derek Malone. Primarily, the client alleged that Malone made unsuitable recommendations. Because of this, the client allegedly sustained damages associated with real estate securities. As a result, on December 7, 2021, Essex National Securities LLC settled this matter by paying the client $55,000 in damages.

Have You Made Investments Through Financial Advisor / Securities Broker Derek Malone?

Are you concerned regarding investments you made through Derek Malone? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm takes cases on a contingency fee basis and advances all costs. Malone and brokerage firms Malone worked for deny accusations of sales practice violations.