Jason Walsh: $3.7 Million Complaint Against Ex-Network 1 Advisor

Hauppauge, New York financial advisor Jason Walsh (CRD# 5758243) is involved in an investor complaint alleging damages of more than $3 million. Financial Industry Regulatory Authority records indicate that he is currently registered as a broker with PHX Financial, having previously been registered with Network 1 Financial Securities and Joseph Gunnar & Company.

Mr. Walsh’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2022, alleges that as a representative of Network 1 Financial Securities, he breached his fiduciary duty in connection with an investment in common and preferred stock. The pending complaint alleges damages of $3,767,261.79.

An earlier investor complaint, filed in 2019, alleged that as a representative of National Securities Corporation, he executed unauthorized trades in April 2018. The complaint reached a settlement of $5,000.

A third investor complaint, filed in 2013, alleged unauthorized trading while he was a representative of Joseph Gunnar & Company. The complaint alleged damages of $32,037 and was denied by the firm.

According to the Financial Industry Regulatory Authority, Jason Walsh holds 13 years of securities industry experience. Based in Hauppauge, New York, he has been a broker with PHX Financial since June 2022. His past registrations include Network 1 Financial Securities (Hauppauge, New York; 2020-2022), Joseph Gunnar & Company (Melville, New York; 2020), National Securities Corporation (Melville, New York; 2016-2020), Joseph Gunnar & Company (Melville, New York; 2012-2016), Obsidian Financial Group (Woodbury, New York; 2011-2012), John Thomas Financial (Hauppauge, New York; 2010-2011), and First Midwest Securities (Smithtown, New York; 2010). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 38 state licenses. (Information current as of June 3, 2023.)

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