Network 1 Financial Securities Inc.
Network 1 Financial Securities Inc.
If you were a client of Network 1 Financial Securities Inc., and experienced significant investment losses due to his unsuitable recommendations, you may have legal options to recover your losses.
INVESTOR PROTECTION ALERT
Your Financial Security Matters
INVESTOR PROTECTION ALERT
Your Financial Security Matters
Regulatory Action Highlights
Charles Malico, who was registered with Network 1 Financial Securities Inc. from 2016 to 2022 and previously with Midamerica Financial Services, Inc., has recently faced serious sanctions from FINRA. In October 2022:
- Penalty Imposed: $5,000 civil and administrative fine
- Suspension: Six months
- Misconduct: Recommended excessive trades that resulted in an annualized cost-to-equity ratio exceeding 158%. This meant the customer’s account needed to grow by over 158% annually just to break even. As a result, the client paid over $54,000 in commissions and trading costs and suffered a loss of more than $17,500.
Take Action Now
If you’ve been affected by excessive trading or other forms of financial misconduct, it’s crucial to explore your legal options. Securities Arbitration Law Group PLLC and Cold Spring Advisory Group are here to help you understand your rights and take action to recover your investments.
Call now
Securities Arbitration Law Group PLLC:202-444-4222
Cold Spring Advisory Group: 212-566-6060
Or complete our online form and we will contact you.
Protect your financial future and get the restitution you deserve. Contact us now for more information and expert guidance on navigating these issues.
