Enforcement Actions
Financial Industry Regulatory Authority (FINRA)
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.
December 2011
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 After Mazurek had withdrawn his allotted share, he misappropriated approximately $60,854 from his late relative’s trust for his own use and benefit, without the knowledge or authorization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
Tags:  Promissory Notes    Trust Account     |    In: Cases of Note : FINRA
Enforcement Actions