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Jamie Kujawski: Annapolis Financial Advisor Suspended by FINRA
A disciplinary action taken by the Financial Industry Regulatory Authority against Annapolis, Maryland broker and investment advisor Jamie Kujawski (CRD# 2075543) suspended him over allegations he participated in undisclosed private securities transactions. A representative of Ameriprise Financial Services, Kujawski was suspended for four months and ordered to pay a fine of $10,000.
According to a Letter of Acceptance, Waiver and Consent (No. 2016049307701) dated August 2018, Jamie Kujawski was registered with UBS Financial Services from February 2009 until February 2018, when a firm disclosure stated that he was terminated as a result of his “continued failure to disclose some of his outside business activities/outside business investments.” FINRA’s findings go on to state that in 2012, he helped to facilitate an individual’s repurchase of a call option which the company the individual owned had issued to another individual. Kujawski agreed to facilitate the repurchase, with his involvement including the introduction of a commercial lender, the attendance of meetings with the transaction’s parties, the review of contracts, and the acceptance of $73,444.90 in compensation; he did not, however, disclose his participation in the transaction to UBS Financial Services or “seek approval as required until many years later.” FINRA’s findings state that his activities constituted violations of NASD Rule 3040 and FINRA Rule 2010. He also allegedly did not disclose to the firm his purchase and sale of a restaurant between November 2013 and September 2014, which FINRA states constituted an undisclosed and unapproved outside business activity in violation of FINRA Rules 3270 and 2010. As a result of the foregoing alleged conduct, Jamie Kujawski was suspended from associating with any FINRA member in any capacity. He was also ordered to pay a fine of $10,000, and to pay $38,000 plus interest in disgorgement of the financial benefits he received form his activities.
Jamie Kujawski’s disclosure records also list three customer complaints against him that reached settlements. A 2010 complaint alleged that as a representative of Morgan Stanley, he recommended an unsuitable mutual fund investment; the complaint reached a settlement of $14,000. A 2009 complaint alleged that as a representative of Morgan Stanley, he misrepresented and recommended unsuitable variable annuity investments; the complaint reached a settlement of $12,500. And another 2009 complaint alleged that as a representative of Morgan Stanley, he recommended unsuitable non-marginable stocks; the complaint reached a settlement of $40,000.
Jamie Kujawski has been registered with Ameriprise Financial Services in Annapolis, Maryland since March 2018. His employment history includes UBS Financial Services in Annapolis, Maryland; Morgan Stanley & Company in Annapolis, Maryland; Morgan Stanley DW in Annapolis, Maryland; Prudential Securities in New York, New York; Smith Barney in New York, New York; and Lehman Brothers in New York, New York. He currently holds three state licenses and has passed five securities industry qualification examinations.