Updated Wednesday, April 23, 2014 as of 8:30 AM ET
Infinex Investments Hit With $75,000 FINRA Fine
FINRA slapped Infinex Investments with a $75,000 fine for selling unsuitable exchange-traded funds to customers.
From April 2009 through March 2011, the broker-dealer allowed 35 registered reps to recommend to customers inverse and inverse-leveraged ETFs without performing reasonable diligence to understand the risks associated with them, according to FINRA.   more »
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