Lucas Mroz is the Subject of a FINRA Fine
Lucas Mroz (CRD #: 5725399), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 8, 2024. Keep reading if you have questions regarding his alleged conduct.
Regulatory Action
On February 27, 2024, Lucas Mroz entered into an Acceptance, Waiver, and Consent agreement (AWC), in which he consented to the findings that he made unauthorized transactions by processing fund transfers from a customer’s account based on instructions given by the customer’s father, who was not authorized to direct transactions. Lucas Mroz allegedly made three transfers, each for $100,000 from the customer’s account to her father’s account.
Allegedly, Lucas Mroz represented on the firm’s authorization forms that he had spoken with the customer when he had actually communicated with her father.
High Standards of Commercial Honor
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Executing unauthorized transactions may violate this rule.
Terms of the AWC
As part of the terms of the AWC, Lucas Mroz consented to a 45-calendar-day suspension and a $7,500 fine. You can read a copy of the AWC here.
Background Information
Lucas Mroz has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
He is a registered broker in 49 states, D.C., the Virgin Islands, and Puerto Rico. He is also a registered investment adviser in Colorado, Illinois, and Texas.
During his 11 years of experience, he has registered with two firms: Morgan Stanley (CRD #: 149777) and NYLife Securities (CRD #: 5167).
Kurta Law Can Help
If you have worked with Lucas Mroz and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.
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