Mark Andrew Stanczyk of Cazenovia New York a stockbroker formerly employed by Leigh Baldwin Co. LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $266,000.00 in damages based upon accusations that between 2010 and 2016, the customer received bad investment advice from Stanczyk concerning the common or preferred stock trades that had been placed in the customer’s investment account while Stanczyk was associated with Leigh Baldwin Co. LLC and Pinnacle Investments. FINRA Arbitration No. 17-00679 (Mar. 23, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Stanczyk is referenced in four more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was employed by securities broker dealers including Prudential Securities Incorporated, Pinnacle Investments LLC and Salomon Smith Barney. In particular, a customer filed an investment related complaint concerning Stanczyk’s activities where the customer sought unspecified damages supported by accusations that stocks had been purchased for the customer’s brokerage account at Salomon Smith Barney contrary to the customers’ instructions; and the customer was not contacted by Stanczyk in regard to the customer’s plans to liquidate stock positions from the customer’s account.
Thereafter, a customer filed an investment related complaint in regards to Stanczyk’s conduct in which the customer requested $40,000.00 in damages founded on allegations that over-the-counter equities and stock transactions executed in the customer’s managed account at Smith Barney Shearson account were in no way suitable for the customer. Additionally, a customer initiated investment related arbitration claim involving Stanczyk’s conduct was resolved for $30,000.00 in damages based upon accusations that while Stanczyk was associated with Prudential Securities Incorporated, he executed investment strategies and trades that were inappropriate for the customer given the customer’s financial circumstances and goals for investing; and Stanczyk placed nearly eighty percent of the customer’s funds in one stock position – overconcentrating the customer’s investment account.
Stanczyk is also the subject of a customer initiated investment related arbitration claim where the customer sought $490,000.00 in damages supported by allegations that unsuitable investment trades were placed in the customer’s account during the time that Stanczyk was associated with Pinnacle Investments.
Stanczyk’s registration with Leigh Baldwin Co. LLC has been terminated as of December 31, 2016.
