DID DAVID KHEZRI CAUSE YOU INVESTMENT LOSSES?
David Khezri Of Network 1 Financial Securities And Formerly With Worden Capital Management, Joseph Stone Capital And Cape Securities Has 2 Customer Complaints For Alleged Broker Misconduct
Who is David Khezri of Network 1 Financial Securities?
David Khezri (CRD #2736831) who is currently registered with Network 1 Financial Securities and located in Hauppauge, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Network 1 Financial Securities, David Khezri was associated with Worden Capital Management, Joseph Stone Capital, Cape Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
David Khezri has also had his share of regulatory problems. In 2015, he consented to the entry of findings by FINRA that he improperly exercise discretion by affecting approximately 100 trades for 6 customers without obtaining prior written authorization from the customer’s and without having the accounts excepted as discretionary by his member firm. As a result of his alleged misconduct, he was suspended for 30 days and fined $5,000.
David Khezri Customer Complaints
David Khezri has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of David Khezri’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Joseph Stone Capital for investment losses caused by David Khezri’s alleged misconduct.
Allegations Against David Khezri
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Breach of Fiduciary Duty, Negligence allegedly by David Khezri.
- David Khezri’s alleged excessive trading.
David Khezri Red Flags & Your Rights As An Investor
Of course, David Khezri did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David Khezri at Network 1 Financial Securities, Worden Capital Management, Joseph Stone Capital, and Cape Securities on alert to review carefully the activity and performance of their accounts and question whether David Khezri has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Network 1 Financial Securities, Worden Capital Management, Joseph Stone Capital, and Cape Securities also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Network 1 Financial Securities Due To David Khezri
If you have questions about Network 1 Financial Securities, Worden Capital Management, Joseph Stone Capital, Cape Securities, and/or David Khezri and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.