A former LPL Financial advisor has gotten an 18-month suspension and must pay almost $250,000 for guiding client investments through a company he had set up outside of LPL, FINRA says.
From August 2010 to November 2012, Marc H. Baldinger advised 20 high-net-worth individuals and institutions to invest in government bonds -- steering them to accounts he'd created at two other brokerages, according to recently filed FINRA disciplinary action documents.
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