Erez Law is currently investigating Network 1 Financial Securities Inc. financial advisor Wesley Clinton (CRD# 4628274) regarding investment losses. Clinton has been registered with Network 1 Financial Securities Inc. in Seaford, New York since 201.
Clinton has been the subject of eight customer complaints between 2006 and 2018, two of which were denied and three were closed without action, according to his CRD report:
- August 2018. “Suitability, failure to supervise.” The customer is seeking $145,000 in damages and the case is currently pending. This case is regarding common & preferred stocks, private placements and IPOs.
- January 2017. “Suitability.” The customer is seeking $50,000 in damages and the case is currently pending.
- June 2015. “Unsuitable Securities Transactions, Breach of Contract, Fraud & Churning.” The customer sought $250,000 in damages and the case was settled for $30,000. This case was regarding common and preferred stocks.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Network 1 Financial Securities Inc. may be liable for investment or other losses suffered by Clinton’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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