Last Updated: July 2025 — Harrisburg, PA
Here’s what you need to know about Harrisburg, PA stockbroker Tony Alan Tolene:
- Name: Mr. Tony Alan Tolene
- CRD Number: 5730068
- Current Employer: Infinity Financial Services as registered investment advisor, Not currently registered with any FINRA-member firm
- Prior Employers: LPL Financial LLC (Mechanicsburg, PA); PNC Investments (Enola, PA); Chase Investment Services Corp. (New York, NY); David Lerner Associates, Inc. (Teaneck, NJ)
- Function: Stockbroker / Registered Investment Advisor
- Can Tony Tolene be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Discharged by a prior employer? Yes
- Discloses Outstanding Tax Lien/Judgment? Yes
- Highest Settlement or Award: $3271
- Pending Customer Disputes: Yes — Multiple disputes alleging in excess of $100,000
If you’ve sustained damages from Mr. Tolene, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Tony Tolene As Your Stockbroker?
Tony Alan Tolene has a disciplinary history involving regulatory action, customer disputes, and a judgment lien:
- Regulatory Action: On November 27, 2018, FINRA initiated a disciplinary action (Case No. 2016051834101) against Mr. Tolene for falsely marking order tickets for solicited trades as unsolicited and making false representations on compliance certifications. This conduct violated FINRA Rules 4511 (Books and Records) and 2010 (Standards of Commercial Honor). He consented to a 45-day suspension and a $4,000 fine.
- Termination: Mr. Tolene was discharged by LPL Financial LLC on September 27, 2016 for violating firm policy regarding solicitation of unlisted or low-priced securities and failing to respond to compliance inquiries.
- Pending Customer Disputes:
- A client of Infinity Financial Services alleges mismanagement of investment accounts resulting in losses of approximately $100,000 for both the client and their mother (Complaint received May 2, 2025).
- Another complaint filed November 10, 2023 by Mr. Tolene’s sister, on behalf of their mother, alleges theft and misuse of funds. Alleges that Tolene persuaded a client to buy a home for him. A specific damage amount is not currently stated.
- Settled Disputes:
- In June 2013, a customer of PNC Investments alleged poor investment performance. The matter settled for $3,271.
- Judgment/Lien: A Pennsylvania Department of Revenue tax lien remains outstanding for $8,766 filed January 26, 2018.
Allegations of Broker Misconduct Against Tony Tolene
Mr. Tolene’s disclosed history includes:
- Marking order tickets incorrectly to misrepresent trade solicitations (violating FINRA Rule 4511).
- Providing false statements in firm compliance certifications, undermining supervisory compliance frameworks (violating FINRA Rule 2010).
- Multiple customer disputes involving allegations of mismanagement, theft, and misuse of family and client funds.
- Discharged for policy violations tied to solicitation of unlisted or low-priced securities, implicating potential breaches of FINRA Rule 2111 (Suitability) and general record-keeping and ethical standards.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Tony Alan Tolene, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.