A Georgetown financial adviser has been fined and reprimanded by the Texas State Securities Board for not disclosing two felony charges filed against him in Williamson County in 2014.
Michael Delao paid a $7,500 fine on Dec. 6. The order also granted his registration as an agent of Arkansas-based St. Bernard Financial Services Inc. after he applied to join that firm on Oct. 31.
Delao was employed by Century Securities Associates Inc., based in St. Louis, Missouri, when he was charged and indicted....