Respondent James Lukezic placed six unauthorized mutual fund exchanges in five customer accounts, in violation of FINRA Rule 2010. Lukezic also provided false or misleading information to FINRA during its investigation into the unauthorized trades, both in response to written Rule 8210 requests and during his on-the-record testimony, in violation of FINRA Rules 8210 and 2010. For this misconduct, Lukezic is barred from associating with any FINRA member firm in any capacity. Appearances

Respondent James Lukezic placed six unauthorized mutual fund exchanges in five customer accounts, in violation of FINRA Rule 2010. Lukezic also provided false or misleading information to FINRA during its investigation into the unauthorized trades, both in response to written Rule 8210 requests and during his on-the-record testimony, in violation of FINRA Rules 8210 and 2010. For this misconduct, Lukezic is barred from associating with any FINRA member firm in any capacity.

From September 2021 to February 2025, Pictet’s anti-money laundering (AML) compliance program was not reasonably designed to detect and cause the reporting of suspicious transactions in low-priced securities. As a result, Pictet violated FINRA Rules 3310(a), 3310(f)(ii), and 2010. During the same period, Pictet failed to implement reasonably designed policies, procedures, and controls to conduct due diligence on correspondent accounts of foreign financial institutions (FFIs), including by failing to conduct periodic reviews of FFI account activity.