Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 27, 2017 indicate that New York-based MML Investors Services broker Steven Grzelka has been named in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Grzelka (CRD# 4961409).
Steven Grzelka has spent ten years in the securities industry and has been registered with MML Investors Services in Syracuse, New York since June 2016. Previous registrations include Pinnacle Investments in Syracuse, New York; Cadaret Grant & Company in Solvay, New York; and AXA Advisors in New York, New York. He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination) and Series 7 (General Securities Representative Examination). He is a registered broker in New York.
According to his BrokerCheck report, he has received one pending customer complaint.
In January 2017 a customer alleged Steven Grzelka, while employed at MML Investors Services, “executed trades without his approval and without regard to the complainant’s financial well being, which provided benefit to the rep.” The customer is seeking unspecified damages in the pending complaint.
FINRA rules and federal securities law forbid brokers like Steven Grzelka from effecting securities transactions without the customer’s authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who execute unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Steven Grzelka, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.