SEC bars former Ohio rep imprisoned for fraud, theft

Martin Stancik, with Voya until 2014, is currently serving 65-month term

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.

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.

Source: Investment News

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