CFP Board Suspends Oklahoma Planner Gregory Womack

Posted on November 17th, 2022 at 1:20 PM
CFP Board Suspends Oklahoma Planner Gregory Womack

From the Desk of Jim Eccleston at Eccleston Law.

The Certified Financial Planner Board of Standards (CFP Board) has issued an interim suspension to Gregory Womack, who operates Womack Investment Advisors in Edmond, Oklahoma.

The Securities and Exchange Commission (SEC) filed charges in August against Womack, who agreed to a settlement after he allegedly engaged in fraud related to the sale of unregistered securities of interests in conservation easement investments. Womack agreed to pay disgorgement of $236,739 in addition to a civil penalty of $145,030 as part of the settlement.

Furthermore, the SEC found Womack’s firm liable for disgorgement of $160,000 and a civil penalty of $517,955. Womack loses his right to use the CFP mark as a result of the CFP Board’s interim suspension, pending a completed investigation and potential further disciplinary proceedings.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, sec, cfp

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