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 risk tolerance or goals for investing and (2) Network 1 Financial Securities failed to supervise initial public offerings and other equities products that had been sold to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02714 (Aug. 20, 2018).
FINRA Public Disclosure reveals that Clinton is referenced in seven more customer initiated investment related disputes containing accusations of his violative conduct while employed with securities broker dealers including QA3 Financial Corp, AF Financial and Obsidian Financial Group LLC. Particularly, a customer filed an investment related complaint concerning Clinton’s activities in which the customer requested $14,000.00 in damages supported by allegations that during the time that Clinton was employed by QA3 Financial Corp and AF Financial, the customer was placed in stocks and over-the-counter equities that were inappropriate and which had poorly performed.
Another customer filed an investment related complaint in regard to Clinton’s conduct where the customer sought $508,000.00 in damages founded on accusations that unauthorized common and preferred stock and over-the-counter equities trades were effected in the customer’s account during the period in which Clinton was associated with Obsidian Financial Group. Also, a customer initiated investment related arbitration claim involving Clinton’s activities was settled for $30,000.00 in damages based upon allegations that when Clinton was associated with Obsidian Financial Group, he churned the customer’s account; breached his contractual obligations; executed transactions that were not suitable for the customer; and committed fraud in reference to the customer’s equity holdings. FINRA Arbitration No. 15-01467 (Oct. 19, 2016).
Clinton is also the subject of a customer initiated investment related arbitration claim which was resolved for $11,750.00 in damages supported by accusations that the customer had been placed in inappropriate over-the-counter equities which resulted in unwarranted losses for the customer. FINRA Arbitration No. 17-00141 (Mar. 12, 2019).
