Published on:

Shane Melito Has Received Two Customer Complaints

By

Shane MelitoPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2017 indicate that New York-based Network 1 Financial Securities broker Shane Melito, also known as Shane Thomas, has been the subject of customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Melito (CRD# 3044387).

Shane Melito has spent nineteen years in the securities industry and has been registered with Network 1 Financial Securities in Syosset, New York since 2012. Previous registrations include Obsidian Financial Group in Woodbury, New York; EKN Financial Services in Woodbury, New York; Ehrenkrantz King Nussbaum in New York, New York; Weatherly Securities Corporation in New York, New York; and Tasin & Company in Hauppage, New York. He is a registered broker with ten US states and territories: Arkansas, California, Colorado, Florida, Maryland, Minnesota, Nevada, New York, Texas, and Virginia.

According to his BrokerCheck report, he has received two customer complaints and one denied customer complaint.

In 2016 a customer alleged Shane Melito, while employed at Obsidian Financial Group and Network 1 Financial Securities, made unsuitable recommendations and breached his fiduciary duty. The complaint resulted in an award to the customer of more than $51,400.

In 2007 a customer alleged Shane Melito, while employed at EKN Financial Services, executed an unauthorized trade. The complaint settled for more than $1,900.

In 2007 a customer alleged Shane Melito, while employed at EKN Financial Services, made an unauthorized transaction. The customer sought $19,869 in damages in the complaint, which was denied.

If you or someone you know has lost money investing with Shane Melito, also known as Shane Thomas, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.