Barred Broker Matthew White Fined By Louisiana
Matthew White (CRD #: 5365185), a barred broker and an investment adviser registered with White & McGowan, is the subject of a state fine, according to his BrokerCheck record, accessed on August 24, 2021. He registered as a broker most recently with MML Investors.
On June 15, 2021, the Louisiana Department of Insurance fined Matthew White $250 following allegations that he failed to report two administrative actions: His FINRA bar and a $5,000 fine from The Arkansas Securities Commission.
On November 21, 2019, Matthew White entered into an AWC with FINRA in which White consented to a bar. FINRA alleged that Matthew White failed to provide on-the-record testimony regarding the circumstances surrounding his termination from MML.
On May 30, 2018, MassMutual (MML) fired Matthew White following allegations that he failed to adequately disclose outside business activities, including their relationship to company business.
On June 28, 2021, Arkansas fined Matthew White $5,000 following allegations that he listed his five real estate businesses as “outside businesses” when they should have been classified as private securities transactions. Arkansas alleged that several of Matthew White’s financial industry clients were also investors in his private securities transactions.
Matthew White has the following outside businesses listed on his detailed BrokerCheck record:
- Harding Partners Properties
- Lark State
- White and Pola
- Sunset Manor
- Galleon Retreat
- Epiphany Logistics
Matthew White Background Information
Matthew White has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
Matthew White has registered with the following firms:
- MML Investors Services (CRD #: 10409)
- Northwestern Mutual Investment Services (CRD: 2881)
Kurta Law Can Help
If you worked with Matthew White and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.