In the Matter of William Joseph Kielczewski

William Joseph Kielczewski was fined $50,000, suspended from association with any FINRA member in all capacities for 18 months, and required to requalify by examination as a registered representative before reassociating with a member firm. According to FINRA, Kielczewski participated in undisclosed private securities transactions, made false statements to his employer firm, and willfully caused his employer firm to file a misleading initial Form U4 and four misleading Form U4 amendments. The findings stated that Kielczewski did not provide prior written notice to his member firm about his participation in the private securities transactions. The findings also stated that Kielczewski made false and misleading statements on firm compliance questionnaires in response to questions concerning private securities transactions.

Summary generated from official Financial Industry Regulatory Authority press release