Stephen Ferencik: Multiple Complaints Against Arkadios Broker

Atlanta broker and investment adviser Stephen Ferencik (CRD#: 3126037) recently received a pending customer complaint alleging his conduct resulted in six-figure losses. According to records maintained by the Financial Industry Regulatory Authority (FINRA), Ferencik is currently registered with Arkadios Capital and Arkadios Wealth Advisors.

Stephen Ferencik’s BrokerCheck report currently lists four settled investor complaints and three pending investor complaints against him.

The most recent pending complaint against Stephen Ferencik was filed in March 2021. It alleges that as a representative of Arkadios Capital, he recommended an unsuitable alternative investment. The pending complaint alleges damages of $200,000.

A pending complaint filed in 2020 alleges that as a representative of ACG Wealth, Stephen Ferencik recommended unsuitable structured notes. The pending complaint alleges unspecified damages believed to exceed $5,000.

Another pending complaint filed in 2020 alleges that as a representative of ACG Wealth, Stephen Ferencik made an unsuitable investment recommendation. This pending complaint also alleges unspecified damages believed to exceed $5,000.

A complaint filed in 2010 alleged that as a representative of UBS Financial Services, he may have executed excessive trades. The complaint reached a settlement of $17,300.

Another 2010 complaint alleged that as a representative of UBS Financial Services, he made unsuitable and unauthorized trades. The complaint reached a settlement of $22,500.

A third complaint filed in 2010 alleged that as a representative of UBS Financial Services, he “recommended an unsuitable asset allocation and made unsuitable trades.” The complaint reached a settlement of $89,000.

According to Financial Industry Regulatory Authority records, Stephen Ferencik holds 22 years of securities industry experience and has been registered with Arkadios Capital and Arkadios Wealth Advisors in Atlanta, Georgia since 2017 and 2020, respectively. His prior registrations include Triad Advisors in Atlanta, Georgia; ACG Wealth Inc. in Atlanta, Georgia; UBS Financial Services in Atlanta, Georgia; Morgan Stanley in Atlanta, Georgia; and Morgan Stanley DW in Purchase, New York. He has passed five securities industry qualifying examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds 15 state securities licenses. (Information current as of July 14, 2021.)