Anderson, South Carolina
Maryellen T. Lindley, formerly registered with Sandlapper Securities, was assessed a deferred fine of $10,000 and suspended by FINRA for 12 months to resolve allegations that she shared commissions iwth unregistered individuals.
In the FINRA findings, Lindley invested $1.1 million on behalf of customers and earned commissions of about $90,000, half of which was shared with accountants, who were not registered with FINRA, who had referred the investors to her. The findings also state that Lindley failed to disclose this to her member firm and denied the commission spitting arrangement in response to FINRA’s requests for information.
According to FINRA records Finley was registered with Sandlapper Securities from 10/2013-1/2014. Prior to that she was registered with Centaurus Financial.
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