FINRA Fined, Suspended Broker Matthew Mierzycki

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Matthew Thomas Mierzycki [CRD: 6102769, Round Rock, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Mierzycki worked for Edward Jones from September 14, 2012, to November 11, 2021, and joined Ameriprise Financial Services LLC on November 2021. Continue reading to learn more about Mierzycki's disclosures.

FINRA Sanctioned Mierzycki For Unauthorized Trading

Specifically, on December 5, 2023, FINRA issued Letter of Acceptance, Waiver, and Consent No: 2021073142301 sanctioning Matthew Mierzycki. Specifically, Mierzycki was suspended for four months and fined $10,000. Notably, FINRA alleged that Mierzycki engaged in unauthorized discretionary trading and failed to disclose compromises with creditors.

The sanctions were based on Mierzycki's actions while working for Edward Jones and, later, Ameriprise Financial Services LLC. The infractions include exercising discretionary trading authority over 500 trades in client accounts without obtaining prior written authorization and failing to timely disclose three compromises with creditors on his Form U4.

The discretionary trading occurred between December 31, 2020, and October 28, 2021, violating FINRA Rules 3260(b) and 2010. By not disclosing compromises with creditors, he violated FINRA’s By-Laws and FINRA Rules 1122 and 2010.

Matthew Mierzycki Disclosed Omissions Allegations By Edward Jones Client

Particularly, a client of Edward Jones contested Matthew Mierzycki's sales practices, according to a complaint. Allegedly, Mierzycki did not properly inform her of the tax consequences associated with the liquidation of a variable annuity. It appears that Mierzycki caused the client to sustain damages. Therefore, Edward Jones opted to settle the matter on November 29, 2016, by compensating the client in the amount of $8,000.

Did You Sustain Losses Because Of Mierzycki?

Did you experience losses because of Matthew Mierzycki? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Mierzycki and brokerage firms he worked for deny accusations of sales practice violations.