Patrick TeutonicoThe 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 Patrick Teutonico (CRD# 2875434).

Patrick Teutonico has spent 18 years in the securities industry and has been registered with Network 1 Financial in Lynbrook, New York since 2012. Previous registrations include Obsidian Financial Group in Freeport, New York (2010-2012); QA3 Financial Group in Farmingdale, New York (2010); A&F Financial Securities in Farmingdale, New York (2005-2008); First Midwest Securities in Bloomington, New York (2005-2008); Gunnallen Financial in Tampa, Florida (2002-2005); National Securities in Seattle, Washington (2002); Gruntal & Company in New York, New York (2001-2002); Ryan Beck & Company in Florham Park, New Jersey (2002); and WJ Nolan & Company in New York, New York. He is a registered broker with 30 US states and territories.

According to his BrokerCheck report, Patrick Teutonico is the subject of one regulatory sanction, one customer complaint, and six pending customer complaints.

In 2015 the Financial Industry Regulatory Authority (FINRA) sanctioned Patrick Teutonico following allegations he executed unauthorized transactions in newly opened customer accounts at Obsidian Financial Group. Mr. Teutonico was issued a $5,000 suspension and a 15-day suspension from the securities industry.

In 2015 a customer alleged Patrick Teutonico, while employed at Network 1 Financial, executed excessive trades. The customer is seeking $73,650 in damages in the pending complaint.

In 2015 a customer alleged Patrick Teutonico, while employed at Network 1 Financial, churned the account, made unsuitable investment recommendations, charged excessive markups/markdowns, breached his fiduciary duty, executed unauthorized options trades, and committed fraud. The customer is seeking more than $92,000 in damages in the pending complaint.

In 2015 a customer alleged Patrick Teutonico, while employed at Obsidian Financial Group, recommended unsuitable investment recommendations, breached his fiduciary duty, and churned the account. The customer is seeking more than $28,500 in damages in the pending complaint.

In 2014 a customer alleged Patrick Teutonico, while employed at Obsidian Financial Group, churned the account, recommended unsuitable transactions, and engaged in unauthorized short trading. The customer is seeking more than $152,000 in damages in the pending complaint.

In 2006 a customer alleged Patrick Teutonico, while employed at Gunnallen Financial, executed unsuitable trades. The complaint settled for $4,000.

If you have lost money investing with Patrick Teutonico, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.