graph on money

Steven M. Wisniewski, of Phoenixville, Pennsylvania, a stockbroker with Cambridge Investment Research, Inc., was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he forged customer signatures on accounts documents. Letter of Acceptance, Waiver and Consent, No. 2015044110101 (July 22, 2016).
According to the AWC, in September 2013, while Wisniewski was associated with Cambridge Investment Research, he had signed three account documents in the name of a customer despite not having the customer’s approval to do so. The AWC also reported that Wisniewski, in February and in June of 2013, had also forged the client’s initials on three variable annuity exchange documents. FINRA found that Wisniewski’s conduct in this regard was violative of FINRA Rule 2010.
Public disclosure records reveal that Wisniewski has been subject to six disclosure incidents, two of which involve customer disputes. On December 22, 1994, a customer received a judgment in the amount of $8,713.00 against Wisniewski for losing the customer’s funds. On April 12, 2015, Wisniewski settled a customer dispute for $25,000.00 after the customer alleged that Wisniewski engaged in unauthorized trading, misrepresentation, fraud, forgery, and churning.
Despite all that, the District 9 Office of the Financial Industry Regulatory Authority, allowed Wisniewski to basically skate with a three month suspension, either as a result of skilled lawyering by his learned counsel, Denis C. Dice of Marshall Dennehey, Coleman Warner & Goggins, or perhaps based upon FINRA’s scarce enforcement resources, and the District’s historic reluctance to prosecute any case where opposing counsel makes them work.
Wisniewski was previously associated with at least four rogue brokerage firms that were expelled from FINRA or its predecessor, the NASD for fraud and the violation of Self-regulatory Rules, including the famous Hibbard Brown, LC Wegard, and H.J. Meyers.  After his three month vacation or sebatical, Wisniewski will be back at it with Newbridge Securities, the Goldman Sachs of the Boca Raton “maggot mile” which ostensible has a franchise office stocked with other graduates of the Wharton School in Phoenixville.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com