In February 2008 Glen Carnes entered the securities industry. From October 2010 through November 2011 Glen Carnes was registered with LPL Financial. Prior to his employment with LPL Financial, Mr. Carnes was placed on probation for three years for pleading guilty to drug possession charges. Despite this disclosure, he was still hired by LPL Financial. In December 2011, LPL Financial notified FINRA that it terminated Mr. Carnes’s employment. He is currently not associated with any FINRA member firm.
On May 28, 2013, Glen Carnes and FINRA entered into a letter of acceptance, waiver and consent, known as an AWC (No. 5486261). According to the AWC, in 2011 while employed at LPL Financial, Mr. Carnes participated in an undisclosed outside business activity in violation of FINRA Rules. In addition, Mr. Carnes provided false and misleading responses to a FINRA inquiry in connection with this activity. As a result, Glen Carnes violated FINRA Rules 8210 as well as 2010.
As a result of the foregoing activity, Glen Carnes consented to a bar from associating with any FINRA member in any capacity. For more information on Mr. Carnes’s conduct or bar from FINRA, please visit FINRA’s website.