Despite numerous warnings, some people just do not get it. The SEC barred a broker from the industry because the broker used personal email and text messages to obtain client investments. See the Commission’s website.
The SEC found these personal communications were never submitted to the firm for review. As a result, the broker aided and abetted his firm’s books and records violations. Further, the broker also made numerous other violations as well.
This scenario demonstrates the critical requirement to only use firm sponsored media for client communications.