Securities Lawyers Blog
According to BrokerCheck records financial advisor Wesley Clinton (Clinton), currently employed by Network 1 Financial Securities Inc. (Network 1 Financial) has been subject to eight customer complaints during his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), the complaints against Clinton concern allegations of unsuitable investments among other allegations.
In August 2018 a customer complained that Clinton recommended investments that violated the securities laws including unsuitable investments and failure to supervise. The customer alleged $145,000 in damages. The claim is currently pending.
In January 2017 a customer complained that Clinton recommended unsuitable investments leading to $50,000 in damages. The claim is currently pending.
In June 2015 a customer complained that Clinton recommended unsuitable investments and engaged in fraud and churning leading to $250,000 in damages. The claim settled for $30,000.