LOGIN
Subscribe

Former LPL rep pleads guilty to stealing $1M from elderly clients

A former broker who was fired by LPL Financial pleaded guilty yesterday to charges that he stole more than $1 million from several clients.

A former broker who was fired by LPL Financial pleaded guilty yesterday to charges that he stole more than $1 million from several clients.
Christopher Brooks Mintz, 34, who worked as a rep in Cary, N.C., will be sentenced Dec. 7, according to the U.S. Attorney’s Office in Raleigh.
He was accused of transferring securities owned by two elderly clients into his own account, selling the securities and then wiring the cash to his personal bank account.
The theft occurred from December 2005 to October 2008.
Mr. Mintz was fired by LPL in January after a customer complained about the theft, according to Financial Industry Regulatory Authority Inc. registration records.
Amy Auth, a spokeswoman for LPL, was not immediately available for comment.
Mr. Mintz once ran for state treasurer and a seat in the North Carolina General Assembly, according to WRAL.com, the website of WRAL-TV in Raleigh.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Five-time MLB all-star sues UBS, ex-rep for $7.6M

Five-time MLB all-star sues UBS, ex-rep for $7.6M

Five-time MLB all-star Mike Sweeney claims unsuitable investments in private placements cost him nearly $5M. Now he's suing UBS and one of its former reps to recover the cash.

Wells Fargo to add 1,400 reps this year, report says

Wells Fargo to add 1,400 reps this year, report says

Wells Fargo Advisors LLC chief executive Danny Ludeman told Dow Jones today that he expects to hire more than 1,400 brokers this year.

15 transformational events: ‘Merrill Lynch rule’ spurs long debate

15 transformational events: ‘Merrill Lynch rule’ spurs long debate

When the SEC proposed the broker-dealer exemption rule in 1999, few realized that it would result in a lawsuit against the commission and provoke a long and contentious debate about fiduciary duty.

Abby Johnson, Ronald O’Hanley to share role at Fidelity

Abby Johnson, Ronald O’Hanley to share role at Fidelity

It came as no surprise that the mutal fund giant split Roger Lawson's old job in two. It was no shocker that it tapped Abby Johnson to handle some of Lawson's former duties. But the hiring of BNY Mellon's Ronald O'Hanley? That was a surprise

Abby Johnson to lead new unit — including Fido’s RIA custody biz

Abby Johnson to lead new unit — including Fido’s RIA custody biz

Fidelity late today announced that Abigail Johnson will head up a newly created unit that includes Fidelity's RIA custody business.

Latest news

Global bonds fall again amid stubborn inflation outlook

Global bonds fall again amid stubborn inflation outlook

Investors are impatient, they want big earnings

Blackstone REIT keeps up with demand to buy back shares

  • July 3, 2024

Merrill Lynch to reimburse customers $1.5 million over avoidable fees

Covered call ETF demand still surging despite bull market, rising bond yields

JPMorgan’s Kolanovic set to depart after string of bad stock calls

Nearly a fifth of Americans have no emergency savings, finds Empower

$200M father-daughter team from Edward Jones makes a break for independence

Gen X could get trillions in inheritance over 10 years

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print

Subscribe

Get unlimited access to InvestmentNews

Subscribe for just
$19.99 per month.

Subscribe