Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

FINRA Suspends Former LPL Advisor for Unapproved Business Activities

Posted on October 24th, 2024 at 11:40 AM
FINRA Suspends Former LPL Advisor for Unapproved Business Activities

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

FINRA has suspended a former LPL Financial advisor for one month and fined her $5,000 for engaging in unapproved outside business activities related to property management services, according to a settlement agreement known as an AWC (Acceptance, Waiver, and Consent). The advisor, Anida Venniro, provided services to two clients between 2014 and 2020 without receiving the necessary approval from her firm, a violation of FINRA Rule 3270. FINRA Rule 3270 rule mandates that advisors disclose outside business activities and obtain firm approval if they expect compensation. FINRA also cited Rule 2010, which requires advisors to maintain high standards of commercial honor.

According to AdvisorHub, an anonymous source close to Venniro indicated she did not receive payment for the property management services, and one client remains with her. The investigation began after LPL filed a Form U-5 termination notice in March 2021.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I want to thank you for your excellent professional representation. It was greatly appreciated.

Michael M.

LATEST NEWS AND ARTICLES

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.

1777908810 Law
May 4, 2026
KKR Limits Redemptions in Private Credit Fund Amid Rising Investor Withdrawals

KKR & Co.

1777663103 Law
May 1, 2026
Former Texas Advisor Pleads Guilty in Multi-Million Dollar Ponzi Scheme

A former financial advisor and media personality in San Antonio has admitted to defrauding clients in a large-scale Ponzi scheme involving hundreds of investors and millions of dollars, according to reporting by Financial Advisor News.