July 13, 2015-Scottsdale, AZ
John Anthony Waszolek entered into an Order Accepting Offer of Settlement (Order) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that accepted appointment as trustee and residual beneficiary of his 81 year old customer who had been diagnosed with Alzheimer’s and suffered from dementia and memory loss.
According to the Order, Waszolek engaged in unethical behavior by procuring an appointment as successor trustee and residual beneficiary of the elderly client’s trust when he knew the customer lacked the capacity to make such an appointment. Following the death of the client, Waszolek attempted to inherit over $1.8 million from the deceased client’s estate.
Waszolek also engaged in unethical behavior by concealing his role as a fiduciary to the customer and beneficiary of the trust from his employing firms, UBS Financial Services and Morgan Stanley Smith Barney.
Waszolek was barred from the securities industry by FINRA.
Disciplinary Proceeding 2012031181001
Waszolek’s prior employment includes: Raymond James from 2/2012-2015, Morgan Stanley Smith Barney 3/2009-6/2009 and UBS 9/11979-3/2009.
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