Finra says it sanctioned a former Thrivent Investment Management broker who allegedly failed to disclose to the firm her ongoing work with an animal hospital.
Angela Marie Chatfield began her financial services industry career in January 2016, when she registered with Thrivent, according to a letter of acceptance, waiver and consent published by the industry’s self-regulator. The company reported Chatfield’s voluntary termination on her Form U5 in August 2017, but in May 2018 amended the form to report an internal review sparked by a customer complaint alleging that several insurance contracts and accounts with Thrivent were unauthorized, Finra says.
Finra alleged that Chatfield engaged in various outside business activities from January 2016 through July 2017, including providing accounting and bookkeeping services to business and individuals and acting as an office manager and trustee for DCH, a veterinary practice and animal hospital, as well as offering bookkeeping, accounting, real estate management and/or personal management services to the hospital, its owner, identified by the regulator only as “SH,” and related entities, according to the letter of acceptance.
Chatfield also allegedly helped complete estate documents as a director and treasurer for DCH, under an agreement that had her receive trustee fees, Finra says.
She was allegedly engaged in all the activities as the principal and owner of AA, a limited liability company she established in December 2008, according to the letter of acceptance. But when joining Thrivent, Chatfield didn’t give a written notice about these activities, as required by the firm, until March 2017, when she disclosed her office manager position but failed to disclose the other services, Finra says.
Chatfield agreed to a three-month suspension and to pay a $5,000 fine without admitting or denying the regulator’s findings, according to the letter of acceptance.
After leaving Thrivent, Chatfield became registered with Parsonex Securities in March 2019, but her registration there ended less than three months later, according to her BrokerCheck profile. She hasn’t registered with another firm, according to BrokerCheck.
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