FINRA Bars Szczepan Kosmaczewski after Allegations of Misconduct
According to The Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred Szczepan Kosmaczewski (also known as Steven Karol) CRD# 7192377 from working as a broker. FINRA’s investigating was in connection with recommendations of securities transactions at the firm, according to FINRA. Kosmaczewski allegedly refused to provide information to FINRA, leading to the industry bar.
The investigation reportedly follows a customer complaint filed against Kosmaczewski alleging excessive commissions and unauthorized transactions on February 10th, 2023.
Szczepan Kosmaczewski – FINRA Broker Check
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his broker report, Szczepan Kosmaczewski was reportedly registered with the following firms during his career in the industry.
1/19/2024 – 02/10/2025 PHX FINANCIAL, INC. (CRD#:144403) NEW YORK, NY
03/23/2022 – 11/20/2023 CRAFT CAPITAL MANAGEMENT LLC (CRD#:171350) New York, NY
09/29/2021 – 03/18/2022 JOSEPH GUNNAR & CO. LLC (CRD#:24795) NEW YORK, NY
12/18/2020 – 10/01/2021 JOSEPH STONE CAPITAL L.L.C. (CRD#:159744) MINEOLA, NY
06/13/2020 – 12/17/2020 WORDEN CAPITAL MANAGEMENT LLC (CRD#:148366) FINRA expelled the firm on 07/25/2022 New York, NY
How to Recover your Investment Losses
A brokerage firm’s duty to supervise its advisors is a fundamental obligation under federal securities laws and FINRA rules. This duty is designed to protect investors.
If an advisor engages in misconduct, the firm can be held liable if it failed to detect or prevent the wrongdoing due to inadequate supervision. Firms that fail to supervise their advisors, can be held responsible for investment losses in a Financial Industry Regulatory Authority (FINRA) lawsuit.
Free Consultation
If you have suffered investment losses with Szczepan Kosmaczewski (also known as Steven Karol), the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including New York.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: March 4, 2025
