What he did- being a registered broker and working for mass mutual, while posting stock picks on the internet is what the SEC is looking at. He prob will and should lose his license, and I wouldn’t be shocked if the CFA did something as well. The rules around this are very stringent. Historically I’ve had to upload my personal accounts to a company platform for real time monitoring, clear trades internally before executing, been barred from owning anything but index funds or combination of all of the above. These rules are taken very seriously by the SEC and any financial company’s HR dept. He’s basically untouchable from a hiring perspective- not that he cares anymore.