Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Matthew Mierzycki (CRD # 6102769) was recently suspended from the securities industry by FINRA’s Department of Enforcement after an investigation into unauthorized trades.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Mierzycki.
Registration Background for Matthew Mierzycki
Mr. Mierzycki first became registered in the securities industry in 2012. He is currently registered with Round Rock, TX based Ameriprise Financial Services, LLC (CRD # 6363). His prior registrations include Edward Jones (CRD # 250) from December 2012 to November 2021.
FINRA’s Allegations Against Matthew Mierzycki
According to the FINRA Letter of Acceptance, Waiver and Consent (AWC) dated December 5, 2023 (No. 2021073142301), Mr. Mierzycki consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
- “Between December 31, 2020 and October 28, 2021, while associated with Edward Jones, [Mr.] Mierzycki exercised discretionary trading authority to effect over 500 trades in numerous customer accounts without first obtaining the prior written authorization of the customers”;
- “The customers did not provide [Mr.] Mierzycki with prior written authorization for his use of discretion and Edward Jones did not approve the accounts as discretionary accounts”; and
- By virtue of his actions, Mr. Mierzycki FINRA Rule 3260(b) regarding discretionary accounts, and FINRA Rule 2010 regarding standards of commercial honor and principles of trade.
The AWC also indicates Mr. Mierzycki failed to disclose three compromises with creditors. His failure to notify violated Article V, Section 2(c) of FINRA’s By-Laws, FINRA Rule 1122, and FINRA Rule 2010.
FINRA Suspends Matthew Mierzycki from Securities Industry
As a result of such violations and in addition to the above-described findings and conclusions, FINRA’s December 5, 2023 AWC also indicates that Mr. Mierzycki consented to the following sanction(s):
- a four-month suspension from association with any FINRA member in all capacities; and
- a fine in the amount of $10,000.00.
Matthew Mierzycki Has a History of Securities Industry Customer Complaints
In addition to Mr. Mierzcki being suspended by FINRA from the securities industry regarding unauthorized trades, FINRA BrokerCheck for Mr. Mierzycki reveals that he has history of customer complaints and/or customer-initiated arbitrations, including but not necessarily limited to the following:
- On March 30, 2016, a customer initiated a written complaint against Mr. Mierzycki regarding alleged actions that occurred while he was associated with Edward Jones. The customer’s allegations included failure to properly inform her of the tax consequences of selling her annuity. On November 29, 2016 the customer complaint was settled in the amount $8,000.00.
Have You Lost Money with Matthew Mierzycki?
If you or someone you know has or had a brokerage account with Mr. Matthew Mierzycki and have concerns regarding losses in your investments or possible sales practice violations including fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.
