Drew K. Horter was a financial planner certified by the Certified Financial Planner Board of Standards (CFP Board).
Mr. Horter worked for Horter Financial Strategies and Horter Investment Management in Mason, Ohio.
In February 2019, Mr. Horter’s CFP certification was revoked after he failed to file an answer to the CFP Board’s complaint alleging misconduct related to a Securities and Exchange Commission (SEC) investigation.
According to the CFP Board’s discplinary action report, Mr. Horter and his firm consented to a finding by the SEC that the firm willfully violated the Investment Advisers Act of 1940 by preparing, reviewing, or approving false and misleading marketing materials that were distributed to the firm’s advisors and clients.
The SEC assessed Mr. Horter’s firm a $250,000 civil penalty, $46,209 in interest, and ordered it to disgorge $482,595, along with a cease and desist order. In addition to questions about these penalties, the CFP Board’s complaint also alleged a failure to cooperate with its investigation.
Mr. Horter declined to file an answer to the Board’s complaint, allowing the Board to deem the allegations admitted under its Disciplinary Rules and Procedures. Mr. Horter’s CFP certification was permanently revoked, effective February 22, 2019.
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