Steven John Szmak, of Flemington, New Jersey, is the subject of a customer initiated investment related arbitration claim on July 21, 2015, in which the customer requested $51,596.00 in damages based upon allegations that Szmak made unsuitable investment recommendations to the customer about corporate debt investments effected in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Szmak has been identified in two more customer initiated investment related disputes pertaining to allegations of his misconduct while he was associated with Prudential Securities Incorporated and Wachovia Securities, LLC. In particular, on April 1, 1992, a customer initiated investment related written complaint involving Szmak’s conduct was settled for $10,000.00 in damages, wherein the customer’s claim was supported by allegations against Szmak of suitability and misrepresentation in reference to the customer’s limited partnership interest.
Subsequently, on December 1, 2008, a customer filed an investment related written complaint regarding Szmak’s activities, in which the customer requested $15,684.29 in damages based upon allegations that Szmak failed to timely execute upon the customer’s mutual fund liquidation instructions.
Szmak has been registered with Morgan Stanley since September 20, 2013.
Guiliano Law Group
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