Steven Michael Wisniewski of Phoenixville Pennsylvania is a stockbroker formerly registered with Cambridge Investment Research, Inc. whose securities registration has been revoked by Financial Industry Regulatory Authority (FINRA) supported by allegations that Wisniewski failed to pay a fine to FINRA in connection with a disciplinary action in which he was found to have committed conduct violative of FINRA rules. FINRA Case No. 2015044110101 (July 5, 2017).
Particularly, Wisniewski has been fined $5,000.00 and suspended for three months from associating with any FINRA member in any capacity by consenting to findings that he forged a customer’s variable annuity account documentation; conduct violative of FINRA Rule 2010. Letter of Acceptance, Waiver and Consent, No. 2015044110101 (Aug. 5, 2016).
FINRA Public Disclosure confirms that this is not the first time that Wisniewski failed to comply with his obligations. Particularly, on April 13, 2017, he was suspended by FINRA in all capacities for failing to comply with an Arbitration Award issued in FINRA Arbitration No. 16-02282 (Jan. 6, 2017).
Wisniewski is also the subject of a customer initiated investment related arbitration claim which settled for $25,000.00 in damages based upon accusations including fraud, forgery, misrepresentation, churning and unauthorized trading pertaining to the real estate security, over-the-counter equity, municipal debt, corporate debt and mutual fund transactions effected in the customer’s account. FINRA Arbitration No. 16-00029 (July 26, 2016).
Wisniewsk has been associated with ten different broker dealers, seven of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroch
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