Broker-Dealer Profiles | Page 10 | Cold Spring Advisory Group

Broker-Dealer Profiles

Network 1 Financial Securities, Inc. (CRD# 13577) (SEC# 8-29471)

Network 1 Financial Securities, Inc., is a brokerage firm located at 2 Bridge Avenue, Red Bank, New Jersey, 07701. It was formed in Texas in 1983 and was registered with the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and the National Association of Securities Dealers on August 17, 1983.

Network 1's FINRA BrokerCheck report lists 13 regulatory events and 2 arbitrations. Most recently, in 2011, Network 1 was censured and fined $12,500 for executing short sales and for failing to report 20 of those transactions as a short sale on the corresponding order ticket.  Network 1 agreed to pay the fine, the payment of which was completed on May 20, 2013, but refused to admit or deny the findings.