Investors apparently complained about securities broker Michael Risko [CRD: 1975573, Kingston, New York], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Risko has been registered with Osaic Institutions Inc. since July 1, 2016, operating from offices in Kingston, Hyde Park, and West Hurley, New York. Read on to find out more about the disclosures involving Michael Risko.
Notably, a client filed a complaint about Michael Risko. Mainly, the client alleged that Risko committed a sales practice violation involving a failed redemption of a non-traded real estate investment trust. Because of this, the client allegedly incurred damages related to REITs. Therefore, on June 7, 2024, Infinex Investments Inc. settled this matter by paying the client $21,598.31 in damages.
Also, a client of Infinex Investments Inc. disputed Risko’s sales practices, according to a complaint dated December 7, 2022. Allegedly, Risko provided poor service that allegedly caused the client to miss a quarterly distribution tied to real estate securities. It appears that Risko allegedly caused the client to sustain damages connected to real estate securities. Consequently, the client sought compensation from Infinex Investments Inc. or Risko in the amount of $77,161.99 in this matter. However, the firm denied this complaint.
Additionally, an Essex National Securities LLC client filed FINRA Arbitration No. 23-01827 about Michael Risko. Primarily, the client alleged that Risko made unsuitable recommendations involving real estate securities. For this reason, the client allegedly sustained damages linked to real estate securities. As a result, on June 4, 2024, Essex National Securities LLC settled this matter by paying the client $50,000 in damages.
Do you need clarification on any investment losses relating to Michael Risko? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Risko and brokerage firms Risko worked for deny accusations of sales practice violations.
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