Michael Scott Desando of Red Bank New Jersey a stockbroker currently employed by Network 1 Financial Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $70,000.00 in damages founded on accusations that fiduciary duties owed to the customer were breached with regard to common or preferred stock transactions effected in the customer’s account while Desando was associated with the firm. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00115 (Jan. 14, 2019).

FINRA Public Disclosure additionally confirms that on August 16, 2010, a customer initiated investment related complaint concerning Desando’s activities was settled for $160,000.00 in damages supported by allegations that while Desando was associated with VFinance Investments Inc., the customer’s account was handled in a negligent manner; excessive trades were executed in the customer’s account; and equities trades placed in the customer’s account were not suitable for the customer.

Desando has been employed by Network 1 Financial Securities Inc. since January 4, 2016. Since August 23, 1988, Desando has been associated with sixteen different broker dealers, twelve of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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