Broker Formerly with LPL Financial Suspended by FINRA for Allegedly Receiving Loans From Clients

Soreide Law Group obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, December 2014."

Robert Charles Mangold (CRD #1665614, Mt. Laurel NJ)

was suspended by FINRA for 60 days for allegedly soliciting and receiving loans of $56,000 from two of his clients.

According to FINRA, both of his member firms prohibited its registered representatives from borrowing money from customers. Mangold made partial repayments totaling $25,000 to the two customers.

Mangold's suspension is in effect from November 3, 2014, through January 1, 2015.
(FINRA Case #2013037265701)

Bob Mangold was registered in the securities industry for 24 years and was previously registered with the following securities firm(s):

09/2012 - 06/2013 LPL FINANCIAL LLC (CRD# 6413) - VENTNOR CITY, NJ

09/2010 - 09/2012 FINANCIAL NETWORK INVESTMENT CORPORATION (CRD# 13572) - MT LAUREL, NJ

01/2001 - 09/2010 BCG SECURITIES, INC. (CRD# 70) - VOORHEES, NJ

07/1999 - 01/2001 AXA ADVISORS, LLC (CRD# 6627) - NEW YORK, NY

07/1999 - 01/2000 THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES (CRD# 4039) - NEW YORK, NY

09/1995 - 06/1999 ASCEND FINANCIAL SERVICES, INC. (CRD# 15296) - ST. PAUL, MN

03/1993 - 12/1994 POLARIS FINANCIAL SERVICES, INC. (CRD# 14521) - CONCORD, NH

06/1990 - 02/1992 EQUICO SECURITIES, INC. (CRD# 6627)
06/1990 - 02/1992 THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES (CRD# 4039)
05/1987 - 02/1992 EQUICO SECURITIES, INC. (CRD# 6627) - NEW YORK, NY

05/1987 - 02/1992 THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES (CRD# 4039) - NEW YORK, NY

02/1990 - 06/1990 THE CODRICK FINANCIAL GROUP, INC. (CRD# 18312) - GREENSBURG, PA

FINRA's info ends here.

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