The Financial Industry Regulatory Authority Inc. has suspended former LPL representative Michael B. Mountjoy for six months and fined him $10,000 for failing to disclose private securities transactions he facilitated away from the firm.
LPL Financial terminated Mountjoy’s registration in December 2018 for those activities. He is no longer associated with a securities firm.
Finra said that Mountjoy, of Louisville, Ky., participated in private securities transactions and engaged in two outside business activities without providing prior written notice to LPL between 2013 and 2018. At the time he was terminated, Mountjoy had been affiliated with LPL for eight years.
RIAs need to find universities that offer financial planning programs and sponsor or host events, advisor suggests.
The leading wealth tech provider is helping more advisors access active ETF models through its exclusive partnership.
Case of once-wealthy family highlights risks, raises questions on firms' duties to sophisticated investors suffering cognitive decline.
“The evidence in this case was overwhelming,” says an attorney.
The move marks the culmination of a decade-long journey for the new leader at the Ohio-based RIA and Natixis affiliate firm.
Uncover the key initiatives behind Destiny Wealth Partners’ success and how it became one of the fastest growing fee-only RIAs.
Key insights from Gabriel Garcia on adapting to demographic shifts and enhancing client experience in a changing market
