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Szczepan Kosmaczewski Allegedly Executed Unauthorized Transactions

Mar 28, 2023 Unauthorized Trading

Szczepan Kosmaczewski (CRD #: 7192377), a broker registered with Craft Capital Management, allegedly executed transactions without client authorization, according to his BrokerCheck record, accessed on March 14, 2023. If you want to know more about his alleged conduct as a broker, read on.

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

Szczepan Kosmaczewski is a registered broker in 23 states.

He has also worked for the following firms:

  • 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. 

 

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