Sonn Law Group is reviewing potential investor recovery claims involving James Joseph Lukezic (CRD No. 4284800), the Managing Principal and CEO of Old Slip Capital Management, Inc. and Old Slip Registered Investment Advisors, LLC in North Miami Beach, Florida.

According to publicly available regulatory records, FINRA’s Department of Enforcement filed a formal disciplinary complaint against Lukezic alleging unauthorized trading and providing false information to regulatory staff.

Details of the FINRA Enforcement Proceeding

In FINRA Disciplinary Proceeding No. 2022073425001, the Department of Enforcement charged Lukezic with multiple violations of FINRA rules:

  • Unauthorized Mutual Fund Exchanges: FINRA alleges that Lukezic executed six mutual fund exchange transactions across the accounts of five customers with a total principal value of approximately $1.1 million without obtaining the customers’ prior authorization or consent, leading to alleged customer losses of approximately $44,500.
  • Rule 2010 Violations: The complaint charges Lukezic with violating FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) for placing trades without discretionary authority or client consent.
  • False Statements Under FINRA Rule 8210: FINRA further alleges that Lukezic provided false or misleading information in written responses to regulatory inquiries and during on-the-record testimony regarding the transactions.

Lukezic has denied the allegations and contested the proceeding. Disciplinary actions that remain pending or on appeal have not resulted in a final adjudication of wrongdoing.

What Investors Should Know About Unauthorized Trading

Securities brokers and investment advisors are legally required to obtain specific client authorization prior to executing any trade, unless the customer has executed a formal written discretionary agreement that has been accepted by the brokerage firm.

When a financial professional buys, sells, or exchanges mutual fund shares without permission:

  1. The customer may incur unexpected capital gains taxes, redemption fees, or mutual fund sales loads.
  2. The account can be exposed to unintended asset allocation and market risks.
  3. The brokerage firm may be held liable under FINRA Rule 3110 for failing to maintain a reasonable supervisory system to catch and stop unauthorized transactions.

Did You Suffer Investment Losses With James Lukezic?

If you sustained financial losses, noticed unauthorized mutual fund transactions, or experienced account irregularities while investing with James Lukezic, Old Slip Capital Management, or Old Slip Registered Investment Advisors, you may be entitled to financial recovery through FINRA arbitration.

Contact Sonn Law Group at 1-844-689-5754 or submit an online inquiry for a free, confidential consultation. Sonn Law Group represents retail and institutional investors nationwide on a contingency-fee basis.

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