Investment Banking Team

“The future of the American Economy lies in the ability of small to mid-size companies obtaining adequate capital for growth and innovation. The main difference in the capitalistic system here in the U.S. and other societies is the ability of entrepreneurs to use their talent and energy, freely, to build new industries and better societies. It is our goal at Network 1 to assist these companies in reaching their full potential by providing the financial expertise and capital needed to realize these dreams.”

~ Damon Testaverde

banking team


The Network 1 Financial Securities management team has more than 90 years of combined experience helping public companies and has successfully assisted in introducing emerging companies, new technologies and sciences to the public markets. However, we are most proud of the services we provide to companies that are already public.

Our team is headed by Mr. Damon Testaverde, Managing Director whose Wall Street career started in 1969 and has been advisor to hundred of public and private companies.

Each of our clients is assigned to a team of professionals who are in contact with the client on a regular basis to build a strong future together.


Head of Investment Banking & Chairman

Damon has been a member of the Wall St. Community since 1966. He has worked in various capacities including being Chief Executive Officer for Midsize Broker / Dealers that built significant retail and underwriting capabilities. Damon specializes in Investment Banking Services for small to midsized companies including all areas of capital formation. Damon also has the ability to attract and build distribution systems in the Broker / Dealer community. Damon holds FINRA registrations, including Series 7, 24, 79, Financial Principal and Municipal Bond Principal.


President, CFO, COO

Mr. Hunt is Chief Financial Officer and Chief Operating Officer of Network 1 Financial Securities, Inc. Bill is a member of the Executive Committee and the manager of several managed programs. Bill has been active in the securities business for over 40 years and part of the senior management team of Network 1 Financial Securities, Inc. since 1988. He has held various positions throughout his career with national and regional firms. Bill holds the following FINRA registrations: Series 7, 24, 66, 63, 27, 4 and 55.

He is also a licensed Real Estate Agent and licensed Insurance Agent. He has been, and is currently, a member of the Board of Directors of various public and private companies. He is President of Network 1 Financial Advisors Corp. an affiliated registered investment advisor. He also is the CFO of Network 1 Financial Assurance Inc. an affiliated insurance agency. Bill oversees all financial reporting as the Chief Financial Officer of Network 1 Financial Securities, Inc. as well as the operations of the brokerage firm. He holds a BS in Business Administration from Trenton State College, now known as The College of New Jersey.


Senior Vice President

William C Heming Jr. has been a member of the Wall St. Community since 1990. Bill specializes in Investment Banking Services for Bio Tech and medical companies. Bill graduated from Fordham University in 1990 with a degree in economics. Bill is an active member of his local community and sits on the Board of Eger Lutheran Nursing Home. Bill holds FINRA registrations, including Series 7,79.



Senior Vice President

Mr. Testaverde has more than two decades of Wall Street experience in the areas of Equities Market-Making, and Investment Banking. Over the years Mr. Testaverde has guided and advised hundreds of companies on the process of going public from raising capital, to compliance and disclosure, through all aspects of the listing process. Mr. Testaverde also has extensive experience in servicing retail clients including high net worth individuals and small institutions. For the last five years he has worked as a senior investment banker at Network 1 Financial focusing on private placements and initial public offerings. Mr. Testaverde is a graduate of St. John’s University with a degree in Business Management. Mr. Testaverde holds Series 7, 63, 55 and 79 licenses.



Managing Director

Mr. LaBarbara has more than 30 years experience in management, acquisitions and financial investments. He presently serves as a Managing Director/Investment Banking at Network 1 Financial Securities, Inc.. Prior to his association with Network 1, Mr. LaBarbara acquired Skyebanc, Inc. a registered broker dealer with a specialty towards private equity, in May 2005 where he served as President and Chief Executive Officer. Prior to that, Mr. LaBarbara was a Partner and Managing Director of Commonwealth Associates from 1992 to 1998. His responsibilities included managing a very successful retail sales force.

He was also a member of Commonwealth Associates’ Executive Committee, from which all corporate decision-making was finalized. In addition, he chaired the distribution of Commonwealth Associates’ public and private offerings for both retail and institutional sales. Mr. LaBarbara has served on the Board of Foxton’s North America, a subsidiary of Foxtons UK, the largest real estate broker in central London. He also sat on the Board of Berdy Medical Systems. He has also advised dozens of public and private companies in various capacities.

Over the last 25 years, Mr. LaBarbara has led or participated in the successful consummation of numerous public and private investments in excess of 300 million dollars for early stage and emerging-growth companies. He attended Kingsborough College and received degrees in accounting and finance. He also attended and completed advanced accounting courses from Pace University’s New York School of Finance.

Mr. LaBarbara holds Series 7, 63, 79 and 24 FINRA licenses.



Executive Director – China Investment Banking

Mr. Sun joined Network 1 Financial Securities in 2010. He currently serves as Executive Director of China Business Development for the Investment Banking Department. His focus is primarily on serving the financial needs of Chinese emerging growth and middle market companies in a variety of industries.

Prior to joining our Firm, Mr. Sun served in the capacity of Financial Analyst for Skyebanc Inc. He has been responsible for compiling comprehensive analyses on TMT and financial industry sectors and developing investment banking business in China. Steven began his financial career at Global Arena Capital LLC (GAC) in New York and served as Financial Analyst in their Investment Banking department. While at GAC, he participated in several private equity investments and IPO underwritings.

Mr. Sun holds a Master of Quantitative Finance degree from Rutgers Business School, a Bachelor of Science degree in Electrical Engineering from the University of California, Irvine. He is active in Rutgers Alumni Associate service. Mr. Sun holds the following FINRA registrations, Series 7, 63 and 79.



Managing Director – Investment Banking

Adam Pasholk is a Managing Director at Network 1 Financial Securities, Inc. and has been in the financial industry since 2002. Mr. Pasholk has years of experience as a Proprietary Trader and Investment Banker. His focus is primarily on investment banking projects in the Asia Pacific region which include project origination, primary listings, secondary offerings, At the Market Offerings and Private Placements. Mr. Pasholk received his BA from New York University with a concentration in International Studies and Finance.

He holds the following FINRA registrations: Series 7, 55, 63,79 & 99.



Vice President – Healthcare Sector Investments

Alice joined Network 1 Financial Securities as an Investment Banker in 2011 with a focus on the Life Sciences. She has worked with numerous companies in advisory and capital raising capacities, specializing in Private Placements and PIPEs (Private Investment in Public Equity) for emerging medical device and biotech companies. Alice began her financial career at Morgan Stanley. She holds a M.S. in Applied Physiology and Nutrition from Teacher’s College, Columbia University, and a B.S., Psychology from Monmouth University. and She holds the following FINRA Registrations: Series 7, 66, and 79.



Senior Vice President of Business Development

Mike Zarraga is Senior Vice President for Business Development, Network 1 Financial Securities, Inc. He has more than 25 years’ experience in financial management as Vice President, Treasurer of a NYSE-firm and CFO of two start-up companies prior to joining Network 1 Financial. At Network 1 Financial Securities, Inc., he looks to establish long-term relationships with companies that are seeking capital for growth or clients who have excess capital to invest in a broad spectrum of traditional and non-traditional investments.

Mr. Zarraga holds an MBA in Finance from The George Washington University and a BA in Management from the University of the Philippines. Mike holds various FINRA registrations and is also life and health insurance licensed.



Vice President

Initially registered in 1980, Harvey has had a long and varied career. Having worked as a Broker, Branch Manager, Investment Banker and Partner he has helped each one of the firms he has worked at build their capacity and the capacity of their employees. Harvey’s Investment Banking specialties include helping companies find, raise and efficiently utilize their capital as well as assist in strategic planning. Harvey’s registrations include Series 7, 9,24,63, 79 as well as Municipal Bond and Options Principal.



Managing Director

Working on Wall Street for 32 years with investment banks such as Merrill Lynch, PaineWebber/UBS and Raymond James & Associates, Edward has held many positions including investment bankers, equity analyst, market strategist and portfolio manager. Since 2003, he has focused on providing advisory services, merger and acquisition structuring and capital market access for middle market companies.

He received his Bachelor of Science degree from the University of Florida and attended Harvard Business School where he graduated with an MBA in 1987. Edward has FINRA licenses 7, 24, 63, 66, 79, 86 and 87.



Vice President – Investment Banking

Erli Wang joined Network 1 Financial Securities in 2020, and he is Vice President for Investment Banking Division.

Mr. Wang is familiar with the rules and statutory provisions of the securities industry and also provides research and financial modeling of both listed and unlisted companies. As an Investment Banker, he focuses on business development opportunities for small and medium-sized enterprises from the Asian region, especially the emerging Chinese market. He also assists with the due diligence process and review of the various regulatory filings.

Mr. Wang holds a MS in Computer Science from Pace University and a MBA in Finance from Molloy University, and his FINRA licenses include Series 7, 24, 57, 63, 66, 79, 86 and 87.