FINRA barred securities broker Szczepan Kosmaczewski (also known as Steven Kostis) [CRD: 7192377, New York, New York], according to publicly available information on FINRA BrokerCheck. It appears that Kosmaczewski worked for PHX Financial Inc. from November 19, 2024 to February 10, 2025; Craft Capital Management LLC from March 23, 2022 to November 20, 2023; Joseph Gunnar Co. LLC from September 29, 2021 to March 18, 2022; Joseph Stone Capital L.L.C. from December 18, 2020 to October 1, 2021; and Worden Capital Management LLC from June 13, 2020 to December 17, 2020. Read on to learn more about the disclosures reported against this former securities broker.
Notably, on February 25, 2025, FINRA issued Case: 2023077024402 sanctioning Szczepan Kosmaczewski. Specifically, Kosmaczewski was barred from associating with any FINRA member in all capacities. Specifically, FINRA alleged that Kosmaczewski refused to appear for testimony.
The regulatory action stemmed from FINRA's examination of Craft Capital Management, where Kosmaczewski worked at the time. FINRA initiated an investigation into the firm's securities transaction recommendations. As part of this investigation, FINRA requested Kosmaczewski’s testimony under FINRA Rule 8210. However, despite acknowledging receipt of the request, Kosmaczewski—through his lawyer—declined to appear for testimony. This refusal violated FINRA Rules 8210 and 2010, which require cooperation in regulatory investigations. The refusal ultimately resulted in a permanent bar.
Particularly, on November 2, 2022, a Joseph Stone Capital L.L.C. client filed FINRA Arbitration No. 22-02494 about Szczepan Kosmaczewski. Mainly, the client alleged that Kosmaczewski engaged in unauthorized trading and charged excessive commissions. Because of this, the client allegedly experienced damages connected to over-the-counter equities. So, the client requested $141,476.36 in compensation from Joseph Stone Capital or Kosmaczewski. Evidently, this arbitration is pending a resolution.
Do you have concerns or questions regarding investments involving Szczepan Kosmaczewski? If so, touch base with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes investor cases on a contingency fee basis and advances the costs. Kosmaczewski and brokerage firms Kosmaczewski worked for deny allegations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving RAD Diversified REIT Inc., specifically focusing on whether brokers or financial advisors improperly recommended this non-traded real estate investment trust despite mounting red flags. RAD Diversified REIT raised investor funds to acquire and manage real estate assets nationwide, positioning itself as an accessible way for individuals […]
Investors apparently complained about securities broker Richard James Carlesco Jr. [CRD: 2135988, Liverpool, New York], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carlesco worked for IBN Financial Services Inc. from October 24, 2000, to the present, and later registered with Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. beginning April […]
Investors potentially experienced sales practice violations by securities broker Steven Wallace Schmitt [CRD: 4486457, Paramus, New Jersey], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schmitt worked for Raymond James Associates Inc. since November 9, 2022, and previously worked for Morgan Stanley from October 7, 2016, to November 29, 2022. […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com