- April 26, 2022
- Precision Securities
Michael Blaszczyk (CRD#: 5736832) is a registered Broker at International Assets Advisory in Orlando, FL.
He entered the securities industry in 2010 and previously worked for Precision Securities, LLC; GWM Group, Inc.; and Emerging Growth Equities, Ltd.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in February 2022, Michael Blaszczyk was separated from Precision Securities, LLC. The allegation states, “Representative engaged in an outside business activity without prior approval from the Firm.”
Michael Blaszczyk has no additional disciplinary history.
For a copy of Michael Blaszczyk’s FINRA BrokerCheck, click here.
We Help Investors Recover Investment Losses
Pursuant to FINRA Rule 3270, outside business activities in which Financial Advisors become involved must be disclosed. This is in order to ensure that Financial Advisors do not engage in selling away. The Financial Industry Regulatory Authority (FINRA) strictly prohibits financial advisors from “selling away” or selling securities and investments to clients that are not offered by the brokerage firm with which they are employed. For example, it is illegal and a violation of industry rules for a financial advisor to recommend or even suggest that a client invest in the financial advisor’s own business or a business operated by his or her friends or family. It is not necessary that the financial advisor earn any compensation for recommending an outside investment.
The purpose behind this prohibition is to ensure that a financial advisor only offers to sell securities that have been vetted by his or her employer brokerage firm through a rigorous due diligence process. Most brokerage firms have an approved list of investments, products, and research that can be provided or made available to clients. Any deviation by the financial advisor from the approved product list may constitute selling away.
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