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Network 1 Financial broker James Bernthal: Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding New York-based Network 1 Financial broker James Bernthal (CRD# 4871243).

James Bernthal has spent ten years in the securities industry and has been registered with Network 1 Financial Securities in Lynbrook, New York since 2013. Previous registrations include Obsidian Financial Group in Freeport, New York (2010-2012); QA3 Financial in Farmingdale, New York (2010); A&F Financial Securities in Farmingdale, New York (2008-2010); First Midwest Securities in Westbury, New York (2005-2008); and Gunnallen Financial Group in Tampa, Florida (2004-2005). He is a registered broker in 23 US states and territories.

shutterstock_140770462According to his BrokerCheck report, James Bernthal is the subject of one customer complaint, three customer complaints that were closed or denied, and one tax lien.

In 2013 a customer alleged James Bernthal, while employed at Obsidian Financial Group, misrepresented and omitted material facts, made unsuitable investment recommendations, made excessive transactions, and failed to supervise the account. The complaint settled in 2014 for $50,000.

In 2012 the New York State Department of Taxation and Finance filed a tax lien of $4,202.15 against James Bernthal.

In 2007 a customer alleged James Bernthal, while employed at First Midwest Securities, made excessive unauthorized trades and recommended an unsuitable investment. The customer sought more than $18,900 in the complaint, which was closed with no action taken.

In 2007 a customer alleged James Bernthal, while employed at First Midwest Securities, executed excessive trades. The customer sought more than $20,600 in the complaint, which was denied.

In 2006 a customer alleged James Bernthal, while employed at First Midwest Securities, executed unauthorized trades. The customer sought $11,000 in damages in the complaint, which was closed with no action taken.

If you or someone you know has complaints regarding James Bernthal, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.