Matthew Thomas Mierzycki of Round Rock, Texas, a stockbroker registered with Edward Jones, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mierzycki engaged in unauthorized trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2021073142301 (Dec. 5, 2023).
This regulatory action stems from a Uniform Termination Notice for Securities Industry Registration (Form U5) filed by Edward Jones on November 11, 2021. The Form U5 indicated that Mierzycki was discharged by Edward Jones on October 30, 2021, due to violations of the company’s policies regarding discretionary trading.
According to the AWC, Edward Jones’s written supervisory procedures disallowed stockbrokers from effecting discretionary transactions in a customer’s brokerage account without proper authorization. However, between December 31, 2020, and October 28, 2021, Mierzycki effected over 500 securities transactions across customer accounts without talking or consulting with the customers on the days of the transactions. These customers had not given Mierzycki written authorization to exercise discretion, and neither did Edward Jones.
FINRA found Mierzycki’s actions in violation of FINRA 3260(b) and 2010.
FINRA Public Disclosure shows that Mierzycki was also referenced in a customer initiated investment related complaint that was settled on November 29, 2016, for $8,000.00 in damages based upon allegations that Mierzycki did not notify the customer of the tax consequences associated with the liquidation of an American General variable annuity during the time that Mierzycki was associated with Edward Jones.
Mierzycki was associated with Edward Jones in San Francisco, California from September 14, 2012, to November 11, 2021, as a stockbroker and investment advisor representative. He has been associated with Ameriprise Financial Services LLC in Round Rock, Texas since November 15, 2021, as a stockbroker and since November 12, 2021, as an investment advisor representative.
