Wesley O. Clinton, of Lynbrook, New York, a stockbroker with Network One Financial Securities Inc., is subject to a customer dispute from March 28, 2016, seeking $137,000.00 in damages based upon the allegations that Clinton engaged in unsuitable transactions, effected unauthorized trades in the customer’s account, and that Network One failed to supervise him.
FINRA Public Disclosure reveals that Clinton is also subject to a pending customer dispute from June 22, 2015, in which a customer has requested $250,000.00 in damages in connection with allegations against Clinton of fraud, churning the customer’s investment account, breach of contract, and effecting transactions in securities which were unsuitable.
Since 2004, Bernthal has been associated with five different broker dealers, four of which are have been expelled by securities regulators for violation of the federal securities laws or are otherwise defunct.
On June 18, 2012, Clinton was subject to a customer dispute in which the customer requested $508,000.00 in damages after Clinton was accused of effecting trades despite not having the customer’s requisite authorization. On May 16, 2010, a customer lodged a dispute against Clinton, requesting $14,000.00 in damages after claiming that Clinton was responsible for the customer’s substandard investment account performance.
On May 2, 2007, a customer requested $18,985.28 in damages in connection with a customer dispute against Clinton, in which Clinton was alleged to have excessively traded in the customer’s investment account, and effected unsuitable investment transactions.
On February 4, 2007, another customer lodged a dispute against Clinton, in which the customer requested $20,628.03 in damages after alleging that Clinton engaged in excessive trades in the customer’s account. On November 29, 2006, a customer lodged a dispute against Clinton, in which the customer requested damages of $11,000.00 after alleging that Clinton effected trades in the customer’s account without having requisite authorization.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
