James Lukezic Accused Of Unauthorized Trading At Old Slip Capital

FINRA filed a complaint against securities broker James Joseph Lukezic [CRD: 4284800, New York, New York], according to disclosures on FINRA BrokerCheck. Apparently, James Lukezic has worked for Old Slip Capital Management Inc. since January 25, 2019, and has also been registered with Old Slip Registered Investment Advisors LLC since February 27, 2019. Keep reading to learn more about the FINRA disciplinary action involving Lukezic’s alleged misconduct.

FINRA Charged Lukezic With Unauthorized Trading And Providing False Information

Evidently, on December 17, 2024, the Financial Industry Regulatory Authority (FINRA) initiated Case No. 2022073425001 against James Lukezic. Notably, FINRA alleged that Lukezic executed six unauthorized mutual fund transactions in client accounts and later gave false and misleading information during the subsequent investigation.

Overview Of The Allegations Against James Lukezic

According to the FINRA complaint, the events in question took place on February 7, 2022, when James Lukezic—then associated with Old Slip Capital Management Inc.—executed six mutual fund exchanges totaling about $1.1 million in the accounts of five investors without their prior knowledge or consent. These actions, FINRA alleges, constitute unauthorized trading.

Lukezic allegedly made these trades through dealer-level access he had gained to a mutual fund trading platform operated by a firm referred to in the complaint as “Transfer Agent A.” He was the only employee at Old Slip Capital Management with access to this trading platform.

Details Of The Alleged Unauthorized Transactions

The complaint notes that all six mutual fund exchanges were conducted within roughly ten minutes and involved swaps between Class A mutual fund shares from the same distributor. None of the five affected investors received contact before the trades executed, and they had not authorized the transactions. The exchanges reportedly caused combined losses of approximately $44,500 in the clients' accounts.

On the day following the trades, Lukezic allegedly contacted the mutual fund platform provider and inquired about compensation for the transactions. He was allegedly informed that the trades were not commission-eligible and was advised that if clients converted their holdings to another share class, fees might apply. Lukezic then emailed the platform asking to convert all Old Slip Capital Management accounts from Class A to Class F shares.

Later that month, all five investors contacted the platform provider to report that they had not authorized the transactions.

False And Misleading Statements Allegedly Made During Investigation By James Lukezic

During FINRA’s investigation, Lukezic allegedly provided false written responses to multiple Rule 8210 requests for information. On two occasions—May 22, 2023, and May 17, 2024—he denied that his firm had the ability to execute trades on the platform and falsely claimed he hadn't placed any trades. These assertions contradicted earlier recorded phone calls in which Lukezic acknowledged having made the transactions and inquired about compensation for them.

In addition to his written responses, Lukezic also provided on-the-record testimony to FINRA on August 25, 2023. Allegedly, he denied placing four of the six trades, specifically those related to four out of the five clients. However, FINRA alleges that he did indeed execute those transactions. Therefore, FINRA says he violated Rule 8210 and 2010.

Did You Make Investments Through Securities Broker James Lukezic?

Are you looking for more information about James Lukezic? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Lukezic and the brokerage firms Lukezic worked for deny accusations of sales practice violations.