Mark Stanczyk investigated for over-concentration in elderly client’s accounts.
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Mark Stanczyk, a licensed FINRA registered representative formerly affiliated with Leigh Baldwin & Company and Pinnacle Investments.
Mark Stanczyk has been FINRA licensed to sell securities for 31 years, and was affiliated with Leigh Baldwin from 2013 – 2016, working out of their Cazenovia, New York branch. Prior to that Stanczyk worked for Pinnacle Investments, Wachovia Securities, Prudential Securities, Salomon Smith Barney and Lehman Brothers, where he got his start in the industry in 1984.
FINRA maintains a database that the public can access to check the credentials of their financial advisors. The website, also known as broker check contains a listing for Mark Stanczyk, who is reported to have been the subject of four customer complaints during his time in the industry, including one filed in 2016.
The pending customer dispute that gives rise to this investigation concerns an over concentration in commodity related stocks; specifically junior miners and energy companies, as well as small pharmaceutical companies. Among the equities at issue are Dendreon Corporation, El Dorado Gold, Endeavor Silver, Imagold Corp., Arch Coal, First Majestic Silver, the Nuveen Commodities Fund, and Conatus Pharmaceuticals. The client’s personal account and IRA were concentrated in these and other securities of similar kind. As a result of the over concentration in these equities, the client suffered a $250,000 loss. As part of our investigation we are interested in speaking with other clients of Mark Stanczyk who were also invested in these same stocks.
If you have information that might be helpful, or if you suffered losses in the same stocks investing with Mark Stanczyk formerly of Leigh Baldwin and Pinnacle Investments, please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for an initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.