According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) advisor Carol Chiarito (Chiarito), formerly associated with Mutual of Omaha Investor Services, Inc. (Mutual Omaha) in Pueblo, Colorado was terminated concerning allegations that Chiarito violated firm policies and procedures related to selling away.
The allegations concerning private securities transactions are often accompanied by claims of engaging in outside business activities. Private securities transactions is a practice known in the industry as “selling away” – a serious violation of the securities laws.
At this time, the selling away claims against Chiarito are unclear as to the exact nature and extent of the activity. Chiarito’s outside business disclosures include Chiarito’s Retirement by Design, LLC – her d/b/a business. In addition, Chiarito discloses CareMatch American, Inc., Kiwanis Club of Pueblo, Chestnut Rental Home, and work as an insurance agent among other activities.