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Did Julian Jay Piekarczyk Cause You Investment Losses?

An Office of Hearing Officers decision became final in which Julian Jay Piekarczyk of Joliet, Illinois was barred from association from any FINRA member in all capacities. The sanction was based on findings that he allegedly violated his firms policies which is in violation of FINRA Rule 2010. 

In May 1978, Julian Jay Piekarczyk joined Pruco Securities LLC (Pruco) and was registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5) in August 2018, disclosing that Piekarczyk had been terminated due to alleged misconduct. According to the FINRA findings, Piekarczyk allegedly induced a customer to make his wife beneficiary of financial products bought and personally maintained joint control of the customers bank account without approval from his firm. The findings state that Piekarczyk notified his firm that the customer intended to make him beneficiary of his life insurance policy, however, he was not family so Pruco denied the request for approval and Piekarczyk’s wife was made beneficiary instead. The FINRA findings also state that Piekarczyk allegedly recommended the customer open and deposit $76,977  into an interest-bearing joint bank account with a right of survivorship. Additionally, once the customer died, Piekarczyk withdrew $69,512 from the account and deposited them into his personal account and his wife received checks totaling $76,540 as beneficiary for the financial products. Although Julian Jay Piekarczyk is no longer registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction and sanctions.

FINRA Rule 2010 provides that “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” FINRA Rule 2010 encompasses all unethical, business-related conduct, even if that conduct does not involve a security or a securities transaction. Conduct that reflects negatively on an associated person’s ability to comply with regulatory requirements fundamental to the securities industry is inconsistent with just and equitable principles of trade. A violation of an employer firm’s policies can violate just and equitable principles of trade.

Do You Need an Illinois FINRA Securities Arbitration Attorney?

Are you a Joliet, Illinois investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Joliet, Illinois stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, or otherwise mismanage your investment account? Depending upon the terms of your arbitration agreement, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA, AAA or JAMS arbitration securities law attorney—an attorney who knows the FINRA, AAA or JAMS rules and procedures inside and out and how to handle these FINRA, AAA or JAMS  arbitration cases and other complex legal issues. 

Free Initial Consultation With Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Joliet, Illinois Residents

At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Illinois, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.

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For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving Illinois citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $140 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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