FINRA

Without admitting or denying the findings, Mierzycki consented to the sanctions and to the entry of findings that he exercised discretionary trading authority to effect trades in numerous customer accounts without first obtaining the prior written authorization of the customers. The findings stated that the Mierzycki's member firm did not approve the accounts as discretionary accounts. The findings also stated that Mierzycki failed to timely disclose compromises with creditors on his Form U4. Despite his knowledge of the compromises, Mierzycki failed to disclose them to a former firm until months after they were reportable and failed to disclose an additional compromise to his current firm for over six months.

Acceptance, Waiver & Consent(AWC)

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

$10,000.00

Suspension

All capacities

Four months

1/2/2024

5/1/2024

Edward Jones

Discharged

Terminated due to violations of company policy in regard to discretionary orders.

Compromise

Satisfied/Released

Compromise

SETTLEMENT

Compromise

SETTLEMENT

The client alleges that the financial advisor did not properly inform her of the tax consequences associated with the liquidation of an American General annuity in January 2015.

$5,000.00

$8,000.00

After completion of the firm's investigation, client's claim was resolved in the amount of $8,000.00. Financial advisor contributed to the resolution in the amount of $3,200.00.