Mark Phillip Goetz of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $420,000.00 in damages based upon allegations that Goetz committed fraud, breached his fiduciary duties, made unsuitable recommendations, and failed to supervise certain registered representatives in connection with the sale of stocks when Goetz was associated with Network 1 Financial Securities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-20843 (September 23, 2020).
FINRA Public Disclosure shows that Goetz is referenced in seven other customer initiated investment related disputes concerning Goetz’s conduct while associated with securities broker dealers. On August 18, 2003, a customer initiated investment related NASD securities arbitration claim involving Goetz’s conduct was settled for $40,000.00 in damages based upon allegations that Goetz engaged in unauthorized trading during the time that Goetz was associated with Continental Broker Dealer Corp. NASD Arbitration No. 02-05920.
On May 3, 2004, another customer filed an investment related complaint involving Goetz’s conduct in which the customer requested $141,000.00 in damages based upon allegations that Goetz breached his fiduciary duties and failed to supervise certain registered representatives in connection with the recommendation and sale of over-the-counter equities.
Goetz was also referenced in a customer initiated investment related complaint filed on April 4, 2011, in which the customer requested $100,000.00 in damages based upon allegations that Goetz engaged in unauthorized and excessive trading, made misrepresentations of material fact, committed fraud, breached his fiduciary duties, and negligently supervised certain representatives in connection with the recommendation and sale of stocks during the period that Goetz was associated with Clark Dodge Co. Inc.
On February 8, 2005, Goetz was fined $16,950.00 and barred by Missouri Securities Division for five years as a stockbroker by Missouri Securities Division. Consent Order No. AP-05-02. Goetz did not promptly report customer complaints to the regulator, and these complaints were not disclosed on his registration application with L.H. Ross.
Goetz has been associated with seventeen firms, sixteen of which have been expelled by FINRA or are otherwise defunct.
Goetz was associated with Network 1 Financial Securities Inc. in Huntington Station, New York, as a stockbroker from November 2, 2015, to January 2, 2020, and from December 23, 2021, to August 2, 2022.
