Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Harrisburg, Pennsylvania financial advisor Tony Tolene (CRD# 5730068) following recent investor complaints alleging significant financial damages. Our firm is examining allegations of misconduct and potential violations of securities regulations that may have harmed investors.
Understanding the Recent Investor Complaints Against Tony Tolene
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Financial advisors hold positions of trust, managing their clients’ life savings and retirement funds. When concerns arise about an advisor’s conduct, it’s crucial for investors to understand the nature of these issues and what they might mean for their financial security.
The most recent complaint, filed in May 2025, alleges that Mr. Tolene mismanaged both a client’s money and the client’s mother’s funds while representing Infinity Financial Services. The pending complaint seeks damages of $100,000, a substantial sum that highlights the serious nature of the allegations.
In response to this complaint, Mr. Tolene stated that the client’s investment profile was established with a “speculative investment objective and maximum risk,” and that the losses were “unrealized.” However, investors should understand that even accounts with higher risk tolerances must be managed appropriately and in accordance with industry standards and regulations.
Pattern of Complaints: A Closer Look at Tony Tolene’s Regulatory History
What makes this situation particularly concerning for investors is that this isn’t an isolated incident. A second investor complaint was filed in 2023, containing serious allegations that Mr. Tolene stole funds and persuaded a client to purchase a home for him. While Mr. Tolene has disputed these allegations, the presence of multiple complaints within a short timeframe often raises red flags for investors.
When evaluating a financial advisor, investors should consider:
- Frequency of complaints – Multiple complaints may indicate systemic issues
- Nature of allegations – Complaints involving mismanagement or unauthorized transactions are particularly serious
- Dollar amounts involved – Large damage claims suggest significant potential harm to investors
- Resolution status – Pending complaints mean issues remain unresolved
Tony Tolene’s Professional Background and Infinity Financial Services
Mr. Tolene brings 15 years of securities industry experience to his role at Infinity Financial Services, where he has been registered as an investment advisor since 2020. His career history includes positions at several well-known firms:
| Previous Firms | Industry Credentials |
|---|---|
|
• LPL Financial • PNC Investments • Chase Investment Services • David Lerner Associates |
• Series 66 (Investment Advisor) • Series 63 (State Law) • SIE (Securities Industry Essentials) • Series 7 (General Securities) |
While professional credentials are important, they don’t guarantee that an advisor will always act in their clients’ best interests. Investors must remain vigilant and aware of any concerning patterns in their advisor’s history.
Red Flags Investors Should Watch For
The allegations against Mr. Tolene highlight several warning signs that investors should monitor with any financial advisor:
1. Mismanagement Claims: When multiple clients allege mismanagement, it may indicate problems with investment strategy, risk assessment, or adherence to client objectives.
2. Unauthorized Transactions: Any allegation involving unauthorized use of client funds or pressure to make personal purchases for an advisor represents a serious breach of fiduciary duty.
3. High-Risk Investments: While some investors have higher risk tolerances, advisors must ensure that investment strategies align with clients’ overall financial goals, age, and circumstances.
4. Communication Issues: Disputes about investment objectives or risk levels often stem from poor communication or documentation practices.
What This Means for Current and Former Clients
If you’re a current or former client of Tony Tolene or Infinity Financial Services, it’s important to take proactive steps to protect your investments:
Review Your Account Statements: Look for any transactions you don’t recognize or investments that seem inconsistent with your risk tolerance and financial goals.
Document Everything: Keep detailed records of all communications, account statements, and investment recommendations you’ve received.
Understand Your Rights: Investors who have suffered losses due to advisor misconduct may be entitled to recover their damages through FINRA arbitration or other legal remedies.
Act Quickly: Securities claims are subject to statutes of limitations, so it’s crucial to seek legal guidance promptly if you suspect wrongdoing.
How Haselkorn & Thibaut Can Help
With over 50 years of experience in securities law, Haselkorn & Thibaut has achieved a 98% success rate in helping investors recover millions of dollars in losses. Our national investment fraud law firm operates on a “No Recovery, No Fee” basis, meaning you pay nothing unless we successfully recover funds on your behalf.
We understand that discovering potential issues with your financial advisor can be overwhelming and stressful. Your retirement savings, your children’s education funds, and your financial security matter. That’s why our experienced attorneys provide compassionate, professional guidance throughout the entire process.
If you’ve experienced losses while working with Tony Tolene or Infinity Financial Services, or if you have concerns about your account management, you deserve answers and potentially compensation for any misconduct.
Don’t wait to protect your financial future. Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation. Our experienced securities attorneys will review your situation, explain your options, and help you understand the best path forward. Remember, there’s no fee unless we recover funds for you.
Visit investmentfraudlawyers.com to learn more about how we’ve helped thousands of investors nationwide recover their losses and rebuild their financial security.
