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Nadia Cavner
Nadia Cavner

Cavner barred from securities industry

Posted online
Last edited 10:41 p.m., Aug. 4, 2014

Once prominent financial adviser Nadia Cavner, who sold her company earlier this year and effectively set aside her financial advisory career after a felony conviction, is permanently barred from acting as a broker or selling securities, according to the Financial Industry Regulatory Authority.

FINRA, which writes and enforces rules for advisers selling stocks and mutual funds, on May 30 barred Cavner from "association with any FINRA member in any capacity," according to FINRA.org. News of the ban was first reported yesterday by the Springfield News-Leader.

According to Cavner's broker profile at FINRA.org, the former adviser failed to request the termination of her suspension after receiving notice in letters dated Feb. 27 and March 24. Because she failed to respond within three months of FINRA's intent to suspend, she was automatically barred, according to her profile.

At the end of January, Cavner officially forfeited her ability to professionally manage investments as part of the sale of Nadia Cavner Group for an undisclosed amount to Overland Park, Kan.-based Lawing Financial Inc. At the time, FINRA noted she was no longer licensed in the U.S. through the regulatory agency, according to Springfield Business Journal archives.

Cavner had 21 years of experience in the securities industry and was registered as an independent contractor/broker with Cambridge Investment Research Inc. the past eight years.

Cavner's financial career turned in April 2013 when she pleaded guilty in federal court to intending to injure, harass or intimidate her college-age daughter’s ex-boyfriend Patrick McFarland. The following month, Cavner left BancorpSouth Inc. (NYSE: BXS), where she worked for eight years, and opened her own firm, according to SBJ archives.

She was sentenced last August to five years of probation, including six months of limited home detention and two years of community service.

At the height of her financial advisory career, Cavner reportedly had $490 million in assets under management. In the sale of Nadia Cavner Group, Lawing Financial picked up $300 million in managed assets.[[In-content Ad]]

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