Matthew T Mierzycki Fined and Suspended

Matthew T Mierzycki (Matthew Thomas Mierzycki, Matthew Mierzycki), a broker/financial advisor currently listed with Ameriprise Financial Services in Round Rock, Texas, was fined $10,000.00 and suspended for four months following accusations that he allegedly used discretionary authority in client accounts and failed to disclose credit compromises to his employers.

Without admitting or denying FINRA’s findings, Matthew T Mierzycki consented to the sanctions and to the entry of findings that he allegedly exercised discretionary trading authority to effect trades in numerous client accounts without first obtaining the prior written authorization of the clients.

FINRA’s findings stated that Matthew T Mierzycki's member firm did not approve the accounts as discretionary accounts. FINRA also stated that Mierzycki allegedly failed to timely disclose compromises with creditors on his Form U4. Despite his knowledge of the compromises, according to FINRA, Mierzycki allegedly failed to disclose them to a former firm until months after they were reportable and failed to disclose an additional compromise to his current firm for over six months.

According to a recent article in Financial Advisor IQ, between December of 2020 and October of 2021, Matthew T Mierzycki, then with Edward Jones in San Francisco, allegedly effected at least 500 trades in non-discretionary brokerage accounts without having obtained prior written client authorization.  The article also stated that allegedly one day after having been discharged by Edward Jones, Mierzycki registered at his current firm, Ameriprise Financial. According to FINRA, Mierzycki was obligated to report the most recent of the three credit compromises to Ameriprise but allegedly did not do so.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Matthew T Mierzycki, has been in the securities industry for 11 years and has been listed with 2 firms. He spent nearly his entire career at Edward Jones in San Francisco, from 2012 to 2021. Mierzycki has 6 disclosures on his FINRA CRD report.

If you have experienced investment losses due to the actions or recommendations of Matthew T Mierzycki formerly of Edward Jones in San Francisco and currently registered with Ameriprise Financial Services in Round Rock, Texas, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group represents clients nationally before FINRA on a contingency fee basis.