[ad_1]
The Securities and Alternate Fee has barred an funding advisor consultant who was doing enterprise regardless of having her registration revoked and for falsely stating she’d earned an “IRA Distribution Specialist” designation.
In accordance with the SEC order, since June 2005, Carla Lea Chastain, 56, was the principal of Chastain Monetary LLC, by way of which she performed funding advisory and insurance coverage enterprise.
On Could 25, 2005, Chastain agreed to a consent order issued by the Arkansas Securities Division revoking her registration as an IAR, and suspending her registration as an agent of a broker-dealer for 180 days primarily based on suitability and churning violations, the SEC order states.
As a result of Chastain didn’t adjust to the 2005 order’s circumstances of reinstatement, the SEC stated, “her registration as an agent of a broker-dealer has remained suspended.”
On Dec. 13, 2016, Chastain agreed to a consent order issued by the Arkansas Securities Division, which discovered she dedicated securities fraud in violation of Arkansas legislation, “in reference to the provide of funding adviser companies by making false and deceptive statements of a fabric reality by holding herself out” as an IAR when her registration had been revoked.
[ad_2]
