NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.
Stephen Michael Mazurek Jr.
AWC/2010021749202/December 2011
Mazurek and his relative agreed to act as co-trustees for their
deceased relative’s trust. Mazurek began collecting the assets from
the deceased’s estate
and distributing them to the beneficiaries of the trust. After
Mazurek had withdrawn
his allotted share, he misappropriated approximately $60,854 from
his late relative’s
trust for his own use and benefit, without the knowledge or
authorization of the trust’s
beneficiaries, by writing checks made payable to “cash” in amounts
ranging from $100 to
$5,000, and used the funds for his own personal use and benefit. Mazurek attempted to conceal his misconduct by convincing
another relative to sign
an affidavit and promissory note after Mazurek had already
misappropriated the funds.
Stephen Michael Mazurek Jr. : Barred