Were you a victim of Infinex Investments, Inc. broker Derek Malone (CRD# 5495233)? He has been registered with Osaic Institutions, Inc. in New York, New York, and Infinex Investments, Inc., in New York, New York, since 2016. He was registered with Essex National Securities, LLC in New York, New York, from 2010 to 2016.
Derek Malone Customer Complaints
He has been the subject of four customer complaints between 2020 and 2023, one of which was denied, according to his CRD report:
May 2023. “Client’s allege the broker misrepresented the CD.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint took place while he was registered with Infinex Investments, Inc.
May 2023. “Client alleges broker misrepresented the CD.” The customer is seeking $250,000 in damages, and the case is currently pending. The complaint took place while he was registered with Infinex Investments, Inc.
November 2020. “Client claims the rep made an unsuitable recommendation.” The customer sought $150,000 in damages, and the case was settled for $55,000. The complaint was regarding real estate security losses, and it took place while he was registered with Essex National Securities, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Infinex Investments, Inc. may be liable for investment or other losses suffered by Derek Malone’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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