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LPL Financial

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NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup
NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup A former New Jersey broker-dealer agent from Rockland County had his registration revoked and was fined $150,000 for steering clients to a Hudson Valley tequila startup whose founder went to federal prison. Michael W. Mandel of Suffern sold the securities in the form of ownership interests in "6 Degree Tequila" via unauthorized private transactions, state Attorney General Matthew J. Platkin said.  Records show Mandel was working at the time as an agent and investment adviser representative for two New Jersey broker-dealers -- Royal Alliance Associates in Old Tappan and, later, LPL Fina…

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by Jerry DeMarco