David Scott Lerner, of Long Beach, New York, a stockbroker registered with Network 1 Financial Securities Inc, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lerner used unauthorized methods to communicate with customers about securities business. Letter of Acceptance, Waiver,…
Network 1 Financial Securities Inc., a securities broker dealer headquartered in Red Bank, New Jersey, as well as stockbroker and Chief Compliance Officer, Michael Robert Molinaro, have been sanctioned by Financial Industry Regulatory Authority (FINRA) because Network 1 Financial Securities Inc. and Molinaro failed to supervise suitability of securities transactions in customer accounts. Letter of…
Daniel Robert Murray of Brewster, New York, a stockbroker registered with Network 1 Financial Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,900.00 in damages based upon allegations that Murray made unsuitable recommendations of non-traded Real Estate Investment Trusts or…
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…
Charles Vincent Malico (also known as Charlie Malico), of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Malico engaged in quantively unsuitable trading in the customer’s account….
Joseph Paul Todaro, of Melville, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $194,599.73 in damages based upon allegations that Todaro engaged in excessive trading, charged the customer excessive commissions, and engaged in…
Patrick Nicholas Teutonico of Seaford, New York, a stockbroker currently registered with Network 1 Financial Securities, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Teutonico made excessive and unsuitable trades during the time that he was associated with Network 1…
Sean P. McCabe, of Westbury, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $330,113.00 in damages supported by accusations of misrepresentation relating to stock trading during the time that McCabe was employed by Worden Capital Management….
Jonathan Michael Ebel, of Hauppauge, New York, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., is referenced in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of excessive and unsuitable trading in the customer’s account by Ebel during the time that he…
David Khezri, of Hauppauge, New York, a stockbroker formerly registered with Network 1 Financial Securities Inc. and Worden Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he hindered a FINRA investigation into accusations of his unsuitable investment advice to investors….
Johnnie Melvin Jones, of Syosset, New York, a stockbroker formerly registered with Network 1 Financial Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for the failure to comply with an FINRA arbitration award or settlement agreement. Case No. 2020068113601 (October 25, 2021). According to FINRA Public…
Jonathan Michael Ebel of Hauppauge New York a stockbroker formerly registered with Laidlaw Company UK Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $12,721.00 in damages founded on allegations that Ebel executed excessive trades in the customer’s account at Laidlaw Company. Financial Industry Regulatory Authority…
Raymond Alexander Thomas of Network 1 Financial Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Decision and Order of Offer of Settlement containing findings that Thomas engaged in undisclosed outside business activities while registered with Network 1 Financial Securities. Department of Enforcement v….
Wills Schneider Henriquez (also known as Wills S. Henrtquez) of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages based upon allegations that a fiduciary duty that was owed to the customer had…
Donatas Belys Vildzius (also known as Donatas Vildzins and as Donatus Vildzins) of Danbury Connecticut a stockbroker formerly employed by Network 1 Financial Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Vildzius executed excessive trades in customer accounts…
David Khezri of Holbrook New York a stockbroker formerly employed by Joseph Stone Capital LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $235,635.00 in damages founded on accusations of negligence and the breach of a fiduciary duty by Khezri as it pertained to stock trades executed in…
Carl George Antaki of Melville New York a stockbroker formerly employed by First Standard Financial Company LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of bad stock trades being executed in the customer’s account during the time that Antaki was employed…
Raymond Alexander Thomas (also known as Ray Thomas) of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) Department of Enforcement Complaint alleging that he engaged in unauthorized outside business activities and that he lied to FINRA personnel to conceal his…
Patrick Nicholas Teutonico of Seaford New York a stockbroker registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $125,000.00 in damages based upon accusations that (1) private placements lacked appropriate supervision from the securities broker dealerand (2) and that Teutonico breached his…
Wesley Owen Clinton of Seaford New York a stockbroker currently registered with Network 1 Financial Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $145,000.00 in damages based upon allegations that (1) the customer was placed in private placements and over-the-counter equities which were inappropriate given the customer’s…
Patrick Nicholas Teutonico of Seaford New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $145,000.00 in damages based upon accusations that (1) Teutonico effected unsuitable transactions in the customer’s account and (2) Network 1 Financial Securities…
John Paul Angelone of Weston Connecticut a stockbroker formerly employed by Network 1 Financial Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Angelone refused to cooperate in a FINRA investigation into his possible violation of federal securities laws. Letter…
Andrew Jason Mandell of Oakland California a stockbroker formerly registered with Network 1 Financial Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into accusations of possible violations of federal securities law….
Andrew Caputo Spaventa of Farmingdale New York a stockbroker formerly employed by Salomon Whitney Financial is the subject of a customer initiated investment related arbitration claim where the customer sought $114,357.00 in damages supported by accusations that Spaventa (1) breached his contractual obligations to the customer (2) effected unauthorized trades in the customer’s account (3)…
Will S. Schneider Henriquez of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customer order tickets and placed unauthorized trades in customers’ accounts….
Jeffrey David Snyder of Danbury Connecticut is a stockbroker formerly registered with Network 1 Financial Securities Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into accusations of Snyder settling a customer…
Patrick Nicholas Teutonico of Lynbrook, New York, a stockbroker registered with Network 1 Financial Securities, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $73,650.00 in damages based upon accusations that Teutonico effected excessive trading in over-the-counter equities in the customer’s investment account. Financial Industry Regulatory Authority (FINRA)…
Shane Joseph Melito, of Syosset, New York, a stockbroker currently registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer was awarded $51,549.00 in damages based on Melito having been found liable for effecting unsuitable transactions in the customer’s account and for breaching…
Johnnie Melvin Jones, of New York, New York, a stockbroker formerly registered with John Thomas Financial, has been named in a customer initiated investment related arbitration claim wherein the customer requested $112,000.00 in damages based upon allegations of breach of fiduciary duty, suitability and misrepresentation regarding over-the-counter equities transactions executed in the customer’s investment portfolio….
Network 1 Financial a broker headquartered in Red Bank, New Jersey, has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that Network 1 Financial failed to supervise non-traditional exchange traded funds effected by its registered representatives. Letter of Acceptance, Waiver and Consent, No. 2015046575201 (Oct. 2, 2017)….
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…
Jeffrey David Snyder, a Stockbroker with Network 1 Financial Securities, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities after consenting to findings that he failed to fully cooperate with a FINRA investigation into allegations of Snyder’s covering of a customer’s losses. Letter of Acceptance,…