Lucas R. Mroz (also known as Luke Mroz), of Chicago, Illinois, a stockbroker registered with Morgan Stanley, has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mroz made unauthorized transactions during the time that he was associated with Morgan Stanley. Letter of Acceptance, Waiver, and Consent No. 2022074074801 (February 27, 2024).
In 2020, Mroz, while acting as a sales assistant for a registered representative at Morgan Stanley, was involved in processing fund transfers between a customer’s account and the account of the customer’s father. The father, who was not authorized to direct transactions in the customer’s account, instructed Mroz to transfer funds. Mroz complied with these instructions, making three separate transfers, each amounting to $100,000.00, from the customer’s account to the father’s account.
He inaccurately recorded on the securities broker dealer’s verbal authorization forms that he had communicated with the customer, whereas he had only spoken with the customer’s father. This misrepresentation was uncovered during the period that the customer questioned the transfers made in May and June 2020. Therefore, Mroz violated FINRA Rule 2010.
Mroz has been associated with Morgan Stanley in Chicago, Illinois since November 29, 2012, as a stockbroker and since July 7, 2015, as an investment advisor representative.
