{"id":9755,"date":"2021-02-17T15:58:49","date_gmt":"2021-02-17T20:58:49","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9755"},"modified":"2021-02-17T15:58:49","modified_gmt":"2021-02-17T20:58:49","slug":"michael-tavel-of-lpl-financial-llc-suspended-from-brokerage-industry-for-selling-away","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/michael-tavel-of-lpl-financial-llc-suspended-from-brokerage-industry-for-selling-away\/","title":{"rendered":"Michael Tavel of LPL Financial LLC Suspended from Brokerage Industry for \u201cSelling Away\u201d"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9756 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Michael-Tavel.jpg\" alt=\"Michael Anthony Tavel (CRD# 4862463) was recently suspended from acting as a broker by the Financial Industry Regulatory Authority. Tavel was registered with broker-dealer LPL Financial LLC from 2004-2019, operating out of Indianapolis, Indiana. Tavel was also providing investment advice through Charter Advisory Corporation, an SEC-registered Investment Adviser, as well as providing tax services and insurance products through Tavel Insurance &amp; Financial Services, LLC.  Tavel Consented To 18-Month Suspension And $20,000 Fine  According to FINRA\u2019s Letter of Acceptance, Waiver and Consent (AWC), from 2017-2019, Michael Tavel participated in improper private securities transactions, at least one of which Tavel recommended \u201cwithout having\u00a0 a reasonable basis to believe that it was suitable.\u201d Specifically, FINRA states the following in its AWC:  Tavel agreed to act as a placement agent for a private issuer purportedly in the business of making commercial loans . . . In 2018, the issuer and its chairman were charged by the SEC with fraud and [the investor] lost his entire investment. Tavel agreed to act as a placement agent for an oil-extraction company . . . Tavel received a total of $19,700 in commissions for the transactions. Tavel failed to provide a written disclosure to LPL in connection with any of these investments, which were done away from the firm, and falsely attested to LPL in August 2018 that he had not solicited any unapproved private placements.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Michael-Tavel.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Michael-Tavel-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Michael Anthony Tavel (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/4862463\" target=\"_blank\">CRD# 4862463<\/a>) was recently suspended from acting as a broker by the Financial Industry Regulatory Authority. Tavel was registered with broker-dealer LPL Financial LLC from 2004-2019, operating out of Indianapolis, Indiana. Tavel was also providing investment advice through Charter Advisory Corporation, an SEC-registered Investment Adviser, as well as providing tax services and insurance products through Tavel Insurance &amp; Financial Services, LLC. <a href=\"https:\/\/www.silverlaw.com\/blog\/michael-tavel-of-lpl-financial-llc-suspended-from-brokerage-industry-for-selling-away\/#more-9755\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Anthony Tavel (CRD# 4862463) was recently suspended from acting as a broker by the Financial Industry Regulatory Authority. Tavel was registered with broker-dealer LPL Financial LLC from 2004-2019, operating out of Indianapolis, Indiana. Tavel was also providing investment advice through Charter Advisory Corporation, an SEC-registered Investment Adviser, as well as providing tax services and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[584,580],"tags":[],"class_list":["post-9755","post","type-post","status-publish","format-standard","hentry","category-selling-away","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Tavel of LPL Suspended For \u201cSelling Away\u201d<\/title>\n<meta name=\"description\" content=\"Michael Tavel was recently suspended from acting as a broker by FINRA. He was registered with broker-dealer LPL Financial LLC from 2004-2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/michael-tavel-of-lpl-financial-llc-suspended-from-brokerage-industry-for-selling-away\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Michael Tavel of LPL Suspended For \u201cSelling Away\u201d\" \/>\n<meta name=\"twitter:description\" content=\"Michael Tavel was recently suspended from acting as a broker by FINRA. He was registered with broker-dealer LPL Financial LLC from 2004-2019.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Michael-Tavel.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Michael Tavel of LPL Suspended For \u201cSelling Away\u201d","description":"Michael Tavel was recently suspended from acting as a broker by FINRA. 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