SEC bars former Ohio rep imprisoned for fraud, theft

SEC bars former Ohio rep imprisoned for fraud, theft
Martin Stancik, with Voya until 2014, is currently serving 65-month term.
APR 11, 2019

The Securities and Exchange Commission has barred Martin Stancik, a former registered representative with Voya Financial who is now serving a 65-month prison term for mail fraud and aggravated identity theft. Mr. Stancik, who was affiliated with Voya Financial until 2014, pleaded guilty in July 2017 to misappropriating almost $544,400 from four customers between 2003 and 2015, and forging a check made payable to one of those clients. In November 2017, he was sentenced to prison and three years of supervised release. He also was ordered to pay the sum misappropriated in restitution. (More:​ Voya Financial webpage glitch exposes Social Security numbers of reps) Mr. Stancik, of Parma Heights, Ohio, was affiliated with Voya from 2006 to 2014. He began his career at Mony Securities in 1993, where he worked for 11 years before moving to AXA Advisors.

Latest News

Mercer Advisors, Osaic deepen AI bets with Arch and Nitrogen deals
Mercer Advisors, Osaic deepen AI bets with Arch and Nitrogen deals

Arch claims 40% operating cost savings for Mercer as Nitrogen unlocks its agentic AI and tech suite to 10,000 Osaic advisors

LPL advisor, South Carolina state senator, elected to U.S. Congress
LPL advisor, South Carolina state senator, elected to U.S. Congress

A happy coincidence: one of LPL Financial’s corporate campuses happens to be based in Rep.-elect Wes Climer’s new district.

Advisor moves: JPMorgan lands $940M Merrill veteran in Los Angeles
Advisor moves: JPMorgan lands $940M Merrill veteran in Los Angeles

Wells Fargo and UBS also add advisors from Morgan Stanley, Edward Jones, Merrill and Fidelity in a fresh round of wirehouse recruiting

Wall Street products, Main Street regulators
Wall Street products, Main Street regulators

How we got here – and what to do about it

Most Americans are OK with AI managing their money - but not how you think
Most Americans are OK with AI managing their money - but not how you think

AI trust gap: Americans want protection, not autonomy, in their finances

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor