Articles Tagged with scott silver Network 1 Financial Securities

Wills Schneider Henriquez (CRD #1872198) is a previously registered broker who was last employed by Network 1 Financial Securities Inc. (CRD #13577) of Brooklyn, NY. His previous employers include Newport Coast Securities, Inc. (CRD #16944), also of Brooklyn, and Legend Securities, Inc., (CRD #44952) of New York, NY. These two firms, along with Success Trade Securities, Inc. (CRD #46027), where Henriquez was previously registered, have been expelled by FINRA. No current employment information is available. He has been in the industry since 1993.

FINRA suspended Henriquez in all capacities, effective 7/2/2018 through 08/15/2018, and fined him $7,500 for effecting discretionary transactions in multiple customer accounts. These transactions were conducted without written consent from the customers, as well as without written authorization from the firm.

A number of transactions were marked “unsolicited,” when in fact, they were solicited. This caused a compliance issue with Network 1, who now had inaccurate customer transaction records. This activity took place between May 2013 through May 2017. Henriquez also mismarked 32 tickets from March 2016 through March 2017, violating FINRA Rules 4511 and 2010.