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Andrew Maynerich: FINRA Suspends Ex-LPL Advisor
Virden, Illinois financial advisor Andrew Maynerich (CRD# 5912401) was recently sanctioned in connection with allegations he improperly signed documents on behalf of customers. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former LPL Financial broker, who did business as Maynerich Financial, is registered as an investment advisor with ICA Group Wealth Management.
Mr. Maynerich’s BrokerCheck report discloses the recent FINRA enforcement action against him. Filed in September 2023, it detailed allegations that he electronically signed documents on behalf of customers, including three senior citizens. FINRA’s findings stated further that he “falsely attested in a compliance questionnaire that he had not signed or affixed another person’s signature on a document,” and that he caused his firm to maintain inaccurate books and records. In connection with these findings, FINRA issued him a fine of $5,000 and suspended him from associating with any member firm in any capacity for a period of two months.
According to the Financial Industry Regulatory Authority and Securities and Exchange Commission, Andrew Maynerich holds 11 yeas of securities industry experience. Based in Virden, Illinois, he has been an investment advisor with ICA Group Wealth Management since August 2021. His past registrations include LPL Financial (Virden, Illinois; 2017-2022) and Investment Centers of America (Virden, Illinois; 2012-2017). He did business as Maynerich Financial. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed as an advisor in Illinois. (Information current as of September 25, 2023.)
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