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Stockbroker License Suspended

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Indiana Secretary of State Connie Lawson says she is suspending the license of securities broker Ronald Stuppy due to delinquent child support payments in Porter County. Effective immediately, Stuppy, formerly of Northwest Indiana, is no longer licensed in Indiana to sell securities. He is the third securities professionals to have his license suspended for delinquent child support since the law enacting this suspension procedure went into effect in July of 2012, a measure that was co-sponsored by Hammond State Senator Frank Mrvan. Lawson says Stuppy, who currently lives in Riverside, California, owes approximately twenty-thousand dollars in child support.  “He can’t skirt his child support payments and continue using his professional license to make money in Indiana,” Lawson said. "Investors don’t want a financial professional who can’t meet their own obligations telling them how to invest their hard earned money.”
Additional information from the Indiana Secretary of State's office: The Secretary of State’s office works with the Department of Child Services to identify financial professionals who are registered with the Securities Division of the Secretary of State’s office and who are behind in child support and not making payments. Individuals who do not make arrangements for payment with county prosecutors will receive a warning that payment is required and that a suspension is possible. If the individual does not respond, then the Securities Division may suspend their license.




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