Finra bars former LPL rep over no-show at hearing

Philip Nalesnik failed to inform firm of outside business activities

May 20, 2019 @ 12:34 pm

By InvestmentNews

The Financial Industry Regulatory Authority Inc. has barred a former broker for failing to take part in a hearing looking into his alleged outside business activities when he was employed by LPL Financial.

(More:Finra bars former Morgan Stanley rep over hearing no-show)

Philip Nalesnik was terminated by LPL in July 2018 for violating firm policy regarding outside business activities and for failing to respond to the firm's inquiries about the matter in a timely and complete manner.

Mr. Nalesnik was associated with LPL from 2008 to 2018. Earlier, he spent three years with CCO Investment Services.

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