SEC bars Martin Stancik, as he serves Prison Term for Fraud

Have you suffered losses investing with Martin Stancik in Parma Heights, Ohio? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to reports today, the SEC has barred Martin Stancik, former advisor with Voya Financial, who is reportedly currently serving 65 months in prison for fraud charges.

Stancik reportedly pleaded guilty in July 2017 to one count of mail fraud and one count of aggravated identity theft in connection with allegedly misappropriating over $540,000 from four broker-dealer customers between 2003 and 2015 and purportedly forging a check payable to one of his clients, according to the SEC.

According to his FINRA BrokerCheck report, Stancik was registered with Voya Financial in Parma Heights, Ohio for 8 years. Stancik has three customer disputes on his BrokerCheck report.

Stancik admitted the SEC’s findings in accepting the bar, according to the SEC.

Recovery of Investment Losses

The White Law Group is investigating potential claims involving Martin Stancik and the liability his former employer may have for failing to properly supervise him.

Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Ohio. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with Martin Stancik, the securities attorneys at The White Law Group may be able to help you.

For a free case evaluation or to discuss any other investment losses, please contact The White Law Group, at 888-637-5510, or visit us on the web at www.whitesecuritieslaw.com.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

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