Shelton Company Cited In Massive SEC Settlement

SHELTON, CT - Investment firms in Meriden and Shelton are two of nearly 80 firms being penalized by the federal Securities & Exchange Commission for reportedly failing to inform investors of low-cost funds as required by law, according to the New Haven Register.

Infinex Investments of Meriden will return nearly $1 million to investors. Shelton-based Investmark Advisory Group will pay back $100,000 to investors.

The acting secretary of the SEC said in a letter to Infinex that the company had committed “breaches of fiduciary duty and inadequate disclosures,” the Register reported.