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Home > Blogs > Ohio politics > Archives > 2009 > August > 21 > Entry
Broker gets 45 day license suspension
The Ohio Department of Commerce suspended Montford Will’s securities and investment adviser licenses for 45 days, retroactive to July 6, according to an agreement reached Friday, Aug. 21.
The state took action against Will after the Ohio Elections Commission in May fined him a record $95,000 for improperly funneling $121,000 in campaign contributions through three family members to Democrats and Republicans across the state.
Will of suburban Columbus admitted laundering campaign contributions through his wife, Min Cha Lee, and his stepchildren Lindsey and Kristopher Kuty. The three family members were each fined $10,000 for their roles in the scheme, in which Will would give them money to donate to political parties and candidates.
Since the suspension is retroactive, Will may return to business. He is the branch manager for Wells Fargo Advisers LLC.
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