ZIGMUND CHRISTIAN STRZELECKI - Investment Adviser at MUNTZ FINANCIAL, LLC

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Detailed ReportReport

ZIGMUND CHRISTIAN STRZELECKI

CRD#: 5670285

Investment Adviser

SUSPENDED

The SEC has suspended this individual from acting as a broker and an investment adviser. Please see the detailed report for more information

MUNTZ FINANCIAL, LLCCRD#: 145971

108 N. MAIN STREET
SUITE 202
DOYLESTOWN, PA 18901

Registration History

Disclosure(s)

View By:

9/24/2024

Regulatory

Final

Initiated By

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Allegations

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pagainst Zigmund Christian Strzelecki ("Strzelecki" or "Respondent"). In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement which the Commission has determined to accept. The commission finds that from approximately June 2021 through April 2022 (the "Relevant Period"), investment adviser representative Strzelecki improperly allocated profitable trades to his personal accounts, family members' accounts, and other affiliated accounts (the "Favored Accounts") at the expense of his other advisory clients. During this period, Strzelecki allocated a disproportionate share of trades with positive first day returns to the Favored Accounts, while allocating a disproportionate share of trades with negative first day returns to other client accounts he managed (the "Disfavored Accounts"). Strzelecki was able to do this by trading equities and options in a master, or omnibus, account and then waiting until later in the day to allocate those trades to his own personal or his clients' accounts. As a result of these uneven allocations, the Favored Accounts received excess profits of approximately $63,928 ($51,312 of which went to Strzelecki's personal accounts), while the Disfavored Accounts suffered corresponding excess losses. By virtue of this conduct, Strzelecki willfully violated Section 206(2) of the Advisers Act.

Resolution

Order

Sanctions

Cease and Desist

Sanctions

Civil and Administrative Penalty(ies)/Fine(s)

Amount

$63,928.00

Sanctions

Disgorgement

Amount

$51,312.00

Sanctions

Monetary Penalty other than Fines

Amount

$8,390.98

Sanctions

Suspension

Registration Capacities Affected

Association with a broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO

Duration

Six months

Start Date

10/7/2024

End Date

4/6/2025

Registration Capacities Affected

Serving or acting as an employee, officer, director, member of an advisory board, IA or depositor of, or Principal Underwriter

Duration

Six months

Start Date

10/7/2024

End Date

4/6/2025

Sanctions

Undertaking

License(s)

State Registrations

Pennsylvania 12/17/2010

Current Registration(s)

MUNTZ FINANCIAL, LLC (CRD#:145971)

108 N. MAIN STREET SUITE 202, DOYLESTOWN, PA 18901

Registered with this firm since 12/17/2010

For additional information about investment advisers or broker-dealers, please visit

www.investor.gov

Broker

A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.

Investment Adviser

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.

Disclosures

Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.