Lukasz Janko (CRD# 6557915) is a registered stockbroker and investment adviser currently with J.P. Morgan Securities LLC in Wilton, Connecticut. Our firm is investigating J.P. Morgan Securities broker and investment adviser Lukasz Janko (CRD# 6557915) of Wilton, Connecticut for potential investment-related misconduct, including allegations of unsuitable investments and misrepresentation of risk in managed account portfolios.
Financial Advisor’s Career History
Lukasz Janko has been working in the securities industry since at least 2014 in a series of bank-brokerage and wirehouse platforms. His BrokerCheck report shows the following registration and employment history:
- J.P. Morgan Securities LLC (CRD# 79) – Janko has been registered with J.P. Morgan Securities LLC since July 22, 2025, working out of branch offices in Wilton and Southport, Connecticut, and other affiliated locations in Connecticut and New York.
- Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD# 7691) – From March 2019 through July 2025, Janko was registered as a broker and investment adviser with Merrill Lynch in New Haven, Connecticut while also employed by Bank of America, N.A. as a Financial Solutions Advisor.
- Key Investment Services LLC (CRD# 136300) – Between September 2018 and March 2019, he was registered with Key Investment Services LLC in North Haven, Connecticut, and also served as a Relationship Manager with KeyBank/KeyCorp and its affiliates.
- Santander Securities LLC / Santander Securities, LLC (CRD# 41791) – From September 2016 to August 2018, Janko was registered with Santander’s brokerage affiliate in Avon, Connecticut, and worked for Santander Bank, N.A. as an Associate in Southington, Connecticut.
- Citizens Securities, Inc. (CRD# 39550) – From October 2015 to June 2016, he was a registered representative with Citizens Securities in East Hampton, Connecticut, and also worked for Citizens Bank as a Senior Personal Banker/Associate Licensed Banker in Cromwell/East Hampton, Connecticut.
Throughout his career, Janko has held multiple FINRA registrations, passed the Series 7, SIE, Series 6, Series 63, and Series 65 examinations, and obtained approval to act as an agent or adviser representative in numerous U.S. states and territories.
Lukasz Janko Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck for Lukasz Janko currently discloses one customer dispute that has been reported as settled. This disclosure involves allegations of unsuitable investments and misrepresentation of risks in a managed or wrap account program while he was associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
2023 FINRA Arbitration Alleging Unsuitable Managed Account Investments
According to the BrokerCheck report, a client filed a FINRA arbitration against Janko and his then-employing firm with the following key details:
- Firm at time of alleged misconduct: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Forum: FINRA Dispute Resolution (Case No. 23-00167)
- Product type: Managed/Wrap Accounts (In-House Money Manager)
- Allegations:
- Unsuitable investments in the managed account
- Misrepresentation of the risks associated with the strategy or securities used in the account
- Date complaint/arbitration filed: January 20, 2023
- Alleged damages: $20,000.00
- Resolution status: Settled
- Settlement date: May 10, 2024
- Settlement amount: $5,000.00
- Individual contribution by Janko: $0.00
This dispute reflects a typical pattern seen in managed or wrap-account claims, where investors later allege that portfolio strategies or risk levels did not match their objectives, time horizon, or risk tolerance, and that the broker or advisor failed to fully and fairly explain the downside risks and volatility of the recommended investments.
Other FINRA Disclosures on Lukasz Janko’s Record
Beyond this customer dispute, Janko’s BrokerCheck report does not list any regulatory actions, criminal matters, terminations for cause, bankruptcies, or civil judgments. The single customer dispute described above is the only disclosure event reported, and it has been resolved through settlement.
For context, the disclosure history in bullet form is as follows:
- Customer Dispute – Settled (FINRA Arbitration 23-00167)
- Allegations: Unsuitable investments and misrepresentation of risks in a managed/wrap account
- Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Alleged damages: $20,000
- Settlement amount: $5,000
- Status: Final – Settled on May 10, 2024
- Individual contribution: $0
Conclusion and How Investors Can Review Lukasz Janko’s Record
The settled FINRA arbitration involving Lukasz Janko raises questions about whether the managed account strategy and risk profile recommended to the customer were suitable in light of that client’s investment objectives and risk tolerance, and whether the risks were clearly and accurately described. Although Janko did not personally contribute to the monetary settlement and he and his firm may deny the allegations, investors are entitled to review this history and consider it when deciding whether to entrust him with their funds.
To obtain a copy of Lukasz Janko’s FINRA BrokerCheck report, visit this link
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
Nationwide Representation in FINRA Arbitration
The Law Offices of Robert Wayne Pearce, P.A., has spent decades representing investors in FINRA arbitration and court actions involving unsuitable recommendations, misrepresentation and omission of material facts, and mismanagement of brokerage and advisory accounts. Claims like those involving Lukasz Janko’s managed/wrap account—where a client later alleges that investments were not appropriate for their risk tolerance or that important risks were downplayed—are at the core of the firm’s nationwide investor-rights practice.
Experience With Unsuitable Managed and Wrap-Account Strategies
Managed and wrap-account programs can expose investors to concentrated positions, excessive risk, or complex strategies that are not always fully understood. When a financial advisor allegedly recommends a strategy that does not match a client’s profile or fails to communicate the real risks, investors may suffer losses they never expected to incur. The Pearce firm regularly evaluates such claims, including those involving:
- Aggressive strategies in accounts advertised as conservative or moderate
- Failure to explain volatility, downside risk, or lack of diversification
- Misrepresentation of how a managed or wrap program operates and is overseen
- Overly risky allocations for retirees or income-oriented investors
Protecting Investors in Connecticut and Across the Country
Although Janko is based in Connecticut, investors who worked with him—or with any broker accused of unsuitable managed-account recommendations—may live anywhere in the United States. The Law Offices of Robert Wayne Pearce, P.A., accepts cases from investors nationwide and can review whether your account activity, trade history, and risk disclosures support a claim in FINRA arbitration for recovery of losses tied to unsuitable or misrepresented strategies.
FINRA Rule 2111 (the Suitability Rule) requires a broker to have a reasonable basis to believe that each recommended security or investment strategy is suitable for a customer based on that customer’s investment profile—factors such as age, financial situation and needs, investment objectives, risk tolerance, time horizon, and liquidity needs. In the context of the customer’s allegations against Lukasz Janko, Rule 2111 is implicated by the claim that the managed/wrap account investments were unsuitable and that the risks were not properly explained. If the investor had a more conservative profile than the portfolio actually reflected, or needed capital preservation and liquidity instead of higher-risk strategies, recommending and maintaining that managed strategy could constitute a violation of FINRA Rule 2111.
FINRA Rule 2010 requires brokers and associated persons to “observe high standards of commercial honor and just and equitable principles of trade” in all aspects of their business. This rule is broad and often used by regulators and arbitrators as an umbrella standard of fair dealing. In Janko’s case, the allegation that he misrepresented the risks of the managed/wrap account strategy may implicate Rule 2010 if his communications and conduct fell short of those high standards—whether by overstating potential returns, minimizing volatility, or failing to update the client about changes in risk or performance. Even when specific products are not per se unsuitable, misleading explanations or omissions can still violate Rule 2010’s requirement of honesty and fairness.
FINRA Rule 2210 governs communications with the public, including written and oral statements made to customers about securities and investment services. The rule requires that communications be fair and balanced, not misleading, and that they provide a sound basis for evaluating the facts regarding any security or strategy. Allegations that Janko misrepresented the risks of a managed or wrap account raise questions under Rule 2210 as to whether the client received balanced and accurate information about downside risk, fees, concentration, and potential volatility. If key risk factors were omitted or downplayed in presentations, account conversations, or written materials, regulators and arbitrators could find that the communications violated Rule 2210 by failing to present a fair and balanced picture of the strategy being recommended.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.