Michael Risko Allegedly Caused Client to Miss REIT Distribution

Michael Risko (CRD #: 1975573), a broker registered with Infinex Investments, is involved in a pending dispute, according to his BrokerCheck record, accessed on March 8, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On December 7, 2022, an investor alleged that Michael Risko’s “poor service” caused the client to miss a quarterly distribution from a real estate investment trust (REIT). The client seeks $77,161.99 in damages in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What is a real estate investment trust?

A real estate investment trust (REIT) allows investors to earn returns from a real estate portfolio without taking on the cost and responsibility of maintaining the properties. However, the lack of liquidity associated with REITs may make them unsuitable for some investors.

Background Information

Michael Risko has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Michael Risko is a registered broker in Connecticut, Florida, New Jersey, and New York. He is also a registered investment adviser in New Jersey and New York.

He has also worked for the following firms:

• Essex National Securities (CRD#:25454)
• Barclays Global Fund Advisors (CRD#:105247)
• Barclays Global Investors Services (CRD#:39438)
• A I M Distributors (CRD#:7369)
• AIM Private Asset Management (CRD#:109264)
• Dividend Capital Securities (CRD#:119546)
• Fortis Investors (CRD#:421)
• Washington Square Securities (CRD#:2882)
• ReliaStar Financial Marketing Corporation (CRD#:4234)
• OppenheimerFunds Distributor (CRD#:7834)
• Invest Financial Corporation (CRD#:12984)

Kurta Law Can Help

If you worked with Michael Risko and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.