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McDaniel skipped campaign filings, omitted debts

McDaniel skipped campaign filings, omitted debts
November 26, 2013 --
Reuben McDaniel hasn’t been much for filing political disclosures since his 2009 election to the Atlanta Board of Education, racking up $750 in unpaid late or non-filing fees as a result. He’s skipped six campaign finance filings and three annual disclosures of his personal finances that are required by law.
His apparent lassitude regarding filings with securities regulators could prove more problematic. McDaniel, who’s registered as both a securities broker and an investment adviser representative, has made no disclosure of two liens and an IRS tax obligation, each for $11,000 or more, or a $715,000 loan default. Securities brokers and investment advisers must notify regulators about unsatisfied liens as well as foreclosures and other “compromises with creditors” so that potential investors can access and review them.