Stephen Nitz Linked To Infinex Client Dispute About Misrepresentation

Investors possibly experienced losses due to securities broker Stephen Parker Nitz (also known as Steve Nitz) [CRD: 1298437, Ridgefield, Connecticut], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Stephen Nitz worked for Osaic Institutions Inc. from May 10, 2007 to May 8, 2024, and works for Steward Partners Investment Solutions LLC and Steward Partners Investment Advisory LLC as of May 6, 2024. Keep reading to learn more about the securities broker’s disclosures and what they could mean for investors.

Infinex Investments Inc. Investor Accused Nitz Of Misrepresentation

Specifically, on July 26, 2024, an Infinex Investments Inc. client filed a complaint about Stephen Nitz. Supposedly, Nitz failed to disclose the commission paid to him and failed to disclose penalties related to an early variable annuity withdrawal. Because of this, the client allegedly incurred damages. As a result, the client requested $28,455.00 in compensation from Infinex Investments Inc. or Nitz. However, the firm denied this complaint.

Infinex Investments Inc. Investor Accused Stephen Nitz Of Poor Performance And Excessive Charges

Additionally, on May 21, 2024, an Infinex Investments client filed a complaint about Stephen Nitz. Allegedly, Nitz recommended mutual funds that did not perform well and charged excessive fees relating to mutual funds. Therefore, the client requested $19,164.54 in compensation from Infinex Investments or Nitz.

Stephen Nitz Disclosed Unsuitable Advice Allegations By Client

Particularly, a client of Infinex Investments contested Stephen Nitz’s sales practices, according to a complaint dated April 9, 2024. Allegedly, Nitz provided inappropriate tax advice and made unsuitable recommendations involving a non-traded real estate investment trust. Consequently, the client sought compensation from Infinex Investments or Nitz in the amount of $50,000.00 in this matter.

Looking For More Information About Financial Advisor / Securities Broker Nitz?

Do you have concerns or questions about your investments with Stephen Nitz? You can reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery. Soreide Law Group has substantial experience recovering losses for clients located throughout the country. The firm also works on a contingency fee basis and advances all costs. Nitz and the securities firms Nitz worked for deny allegations of sales practice violations.