Investigation into LPL broker's eBay business leads to bar

Investigation into LPL broker's eBay business leads to bar
After Renee Altamirano declines to appear at a hearing, Finra bars her.
APR 16, 2019

The Financial Industry Regulatory Authority Inc. has barred former LPL broker Renee Altamirano after she declined to take part in an investigation of her outside business activities. LPL terminated Ms. Altamirano in March 2018 for violating of its policy regarding outside business activities. The company said she was engaging in a business of online sales of various merchandise on eBay, some of which belonged to her supervisor and/or the firm, according to a Finra letter of acceptance, waiver and consent. (More: Finra bars rep for scamming Fidelity on computer purchases) Ms. Altamirano, who was affiliated with LPL for three years, was registered with LPL in Hot Springs Village, Ark., according to Finra's BrokerCheck database.

Latest News

Morningstar rolls out agentic AI platform built on its research
Morningstar rolls out agentic AI platform built on its research

Launch of Direct AI follows a model portfolio tie-up with Envestnet as advisors juggle AI adoption and private-market due diligence.

Advisor moves: Osaic draws Equitable advisor overseeing $245 million in assets
Advisor moves: Osaic draws Equitable advisor overseeing $245 million in assets

Meanwhile, Cetera's streak of Commonwealth recruitment continues in Washington, and an LPL advisor hops over to Raymond James in Maine.

AlphaCore adds $400M Blue Rock in Mid-Atlantic push
AlphaCore adds $400M Blue Rock in Mid-Atlantic push

The Sussex County wealth firm, built around business-owner clients, extends the California-based aggregator's footprint in the East Coast.

Bluespring Wealth builds $1B team with Family Wealth Counseling deal
Bluespring Wealth builds $1B team with Family Wealth Counseling deal

The Kestra-owned RIA acquirer merges the planning firm into KDI Wealth Management, creating a majority woman-led advisor team

Gen X and millennials are rethinking retirement as pensions disappear
Gen X and millennials are rethinking retirement as pensions disappear

Eight in 10 pre-retirees say the US retirement system wasn't built for them and most still haven't planned how to make their money last.

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