Szczepan Kosmaczewski Barred by FINRA

Szczepan Kosmaczewski (CRD #: 7192377), a broker formerly registered with PHX Financial, has been barred by FINRA, according to his BrokerCheck record, accessed on March 28, 2025. If you want to know more about his alleged conduct as a broker, read on.

Bar by FINRA

On February 25, 2025, Szczepan Kosmaczewski consented to the entry of findings that he allegedly refused to appear for on-the-record testimony requested by FINRA.

In a Letter of Acceptance, Waiver & Consent (AWC), FINRA alleged that it was investigating Craft Capital Management and securities transactions recommended by firm employees.

The AWC concluded that Szczepan Kosmaczewski’s alleged refusal to appear for testimony constituted violations of FINRA Rules 8210 and 2010.

FINRA Rule 8210

FINRA Rule 8210 requires members to provide documents, information, and testimony upon request by FINRA.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

FINRA permanently barred Szczepan Kosmaczewski on February 25, 2025. You can access the AWC here.

Investor Dispute

On February 10, 2023, an investor alleged that Szczepan Kosmaczewski executed unauthorized transactions and charged excessive commissions. The client seeks $141,476.36 in damages in this pending dispute.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to engaging in discretionary trading only in pre-authorized accounts. These accounts must be approved for discretionary trading by both the client and the firm.

Background Information

Szczepan Kosmaczewski has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 7TO – General Securities Representative Examination
• SIE – Securities Industry Essentials Examination

He previously worked for the following firms:

• PHX Financial (CRD#:144403)
• Craft Capital Management (CRD#:171350)
• Joseph Gunnar & Company (CRD#:24795)
• Joseph Stone Capital (CRD#:159744)
• Worden Capital Management (CRD#:148366)

Kurta Law Can Help

If you worked with Szczepan Kosmaczewski and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.