Stephen John Ferencik (also known as Stephen John Ferencilz) of Atlanta Georgia a stockbroker currently registered with Arkadios Capital is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages based upon allegations of unsuitable alternative investment transactions by Ferencik and Arkadios Capital between 2017 and 2021. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00650 (Mar. 10, 2021).
Ferencik has been identified in eight customer initiated investment related disputes concerning accusations of his wrongdoing while employed by Morgan Stanley and UBS Financial Services Inc. FINRA Public Disclosure shows that a customer initiated investment related complaint concerning Ferencik’s conduct was resolved for $28,000.00 in damages founded on allegations that unauthorized trades were made by Ferencik at UBS Financial Services.
Another customer initiated investment related FINRA securities arbitration claim involving Ferencik’s activities was settled for $89,000.00 in damages supported by accusations that Ferencik provided unsuitable recommendations to the customer regarding stock trades at UBS Financial Services. The claim also alleges unauthorized trading of equities. Ferencik is referenced in a different customer initiated investment related written complaint which was resolved for $17,300.00 in damages based upon allegations that Ferencik made excessive trades while he was associated with UBS Financial Services.
An additional customer initiated investment related FINRA securities arbitration claim regarding Ferencik’s conduct was settled for $22,500.00 in damages founded on accusations of stocks being purchased or sold without the customer’s permission. The claim also alleges that Ferencik initiated unsuitable transactions while at UBS Financial Services.
Ferencik is also the subject of a customer initiated investment related written complaint on April 23, 2020 in which the customer sought compensatory damages supported by allegations that unsuitable structured notes were sold by Ferencik between 2018 and 2019 when he was associated with ACG Wealth. On May 4, 2020, another customer filed an investment related complaint involving Ferencik’s activities in which the customer requested compensatory damages based upon accusations that 2018-2019 structured notes transactions were not suitable for them.
Ferencik was registered as an investment adviser representative of ACG Wealth between August 27, 2010 and March 22, 2021. He was associated with Triad Advisors as a stockbroker between April 21, 2011 and February 1, 2017.
Since January 30, 2017, Ferencik has been a stockbroker of Arkadios Capital. Since April 7, 2020, he has been an investment adviser representative of Arkadios Wealth Advisors.