Ind. stockbrokers owing child support could lose licenses

2012-11-20T11:45:00Z 2012-11-21T12:50:06Z Ind. stockbrokers owing child support could lose licensesBy Dan Carden dan.carden@nwi.com, (317) 637-9078 nwitimes.com
November 20, 2012 11:45 am  • 

INDIANAPOLIS | Hoosier stockbrokers behind on their child support payments may soon find themselves prohibited from working.

Secretary of State Connie Lawson on Tuesday sent letters warning of possible license suspensions to financial professionals identified by the Department of Child Services as owing more than $4,000 in child support and not making required payments.

"Non-custodial parents have a responsibility to provide financial support to their children," Lawson said. "To ensure kids get what they deserve, financial professionals registered with my office who don't pay will have their license suspended."

More than $160,000 is owed in child support by financial professionals registered with the Secretary of State's Securities Division.

State Sen. Frank Mrvan, D-Hammond, co-sponsored the 2012 law empowering the secretary of state to suspend the professional licenses of parents not paying child support.

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