Comprehensive Wealth Management, Llc

Allegations: WITHOUT ADMITTING OR DENYING THE FINDINGS, LOCKETT CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT HE PARTICIPATED IN A PRIVATE SECURITIES TRANSACTION WITHOUT PROVIDING PRIOR WRITTEN NOTICE TO HIS MEMBER FIRM. THE FINDINGS STATED THAT ONE OF LOCKETT'S CUSTOMERS INVESTED A TOTAL OF $50,000 IN A PRIVATE PLACEMENT OFFERING. LOCKETT PARTICIPATED IN THE TRANSACTION BY INTRODUCING THE TRANSACTION TO THE CUSTOMER, SUMMARIZING THE REASONS HE LIKED THE INVESTMENT, MEETING WITH THE CUSTOMER TO REVIEW AND SIGN THE PAPERWORK AND CAUSING THE PAPERWORK TO BE SUBMITTED. LOCKETT DID NOT RECEIVE COMPENSATION FOR HIS PARTICIPATION IN THE TRANSACTION. LOCKETT ATTEMPTED TO CONCEAL HIS ROLE IN THE TRANSACTION BY SUGGESTING TO THE CUSTOMER THAT THE CUSTOMER COMMUNICATE ABOUT THE TRANSACTION WITH LOCKETT IN THE FUTURE VIA LOCKETT'S PERSONAL EMAIL ADDRESS. AFTER THE CUSTOMER COMPLAINED TO THE FIRM, IT ENTERED INTO A SETTLEMENT TO RESOLVE THE COMPLAINT. Status: Final Sanction Detail: 45 DAY SUSPENSION BEGINS ON 12/2/2019 ENDS 1/15/2020. DURING THE SUSPENSION PERIOD LOCKETT MAY NOT BE ASSOCIATED WITH ANY FINRA MEMBER IN ANY CAPACITY. A FINE OF $5,000 WAS LEVIED AGAINST LOCKETT, LOCKETT AWAITS CONTACT FROM FINRA'S FINANCE DEPARTMENT REGARDING PAYMENT. NO PORTION OF THE PENALTY WAS WAIVED. Summary: SIX AND A HALF YEARS AGO, I MENTIONED TO A LONGTIME FAMILY FRIEND THAT I WAS MAKING AN INVESTMENT IN A TECHNOLOGY-RELATED COMPANY. I WAS EXCITED ABOUT THE COMPANY, AND MY FRIEND ASKED ME IF HE COULD PARTICIPATE AS WELL. I SAID YES AND HELPED HIM FILE THE PAPERWORK. I DID NOT RECEIVE ANY COMPENSATION, NOR DID I THINK I WAS ACTING AS A REPRESENTATIVE OF CWM OR THE BROKER-DEALER.

Allegations: FAILURE TO NOTIFY THE CA DEPARTMENT OF INSURANCE REGARDING A FINRA DISCIPLINARY ACTION IN A TIMELY MANNER. Status: Final Sanction Detail: $500 PENALTY, $350 REIMBURSEMENT. THE FINE WAS PAID ON JUNE 22, 2020 Summary: INCORRECTLY ASSUMED THAT UPDATING MY CRD ENTRY WOULD NOTIFY THE INSURANCE COMMISSIONER OF THE STATE OF CALIFORNIA (CA) OF A CHANGE IN BACKGROUND INFORMATION, WHICH RESULTED IN A SMALL FINE. THE UNDERLYING MATTER DID NOT INVOLVE AN INSURANCE PRODUCT, AND I HAVE NEVER BEEN FOUND BY A REGULATORY AGENCY, COURT, OR ARBITRATION PANEL TO HAVE VIOLATED ANY INSURANCE REGULATION.

Allegations: PURSUANT TO THE SECURITIES ACT OF WASHINGTON, RCW 21.20, THE SECURITIES DIVISION OF THE DEPARTMENT OF FINANCIAL INSTITUTIONS (SECURITIES DIVISION) AND RESPONDENT BRIAN J, LOCKETT DO HEREBY ENTER INTO THIS CONSENT ORDER IN SETTLEMENT OF THE MATTERS ALLEGED HEREIN. Status: Final Sanction Detail: MONETARY PENALTY AND INVESTIGATIVE COSTS WERE PAID ON 11/10/2020. THE 45 DAY SUSPENSION WAS SERVED RETROACTIVE 12/2/2019 - 1/15/2020 Summary: AS PREVIOUSLY SHARED IN A DISCLOSURE SIMILAR TO THIS ONE, IN 2019, I REACHED AN AGREEMENT WITH FINRA RELATING TO AN ISSUE THAT TOOK PLACE MORE THAN 8-YEAS AGO, WHERE I MENTIONED TO A LONG-TIME FAMILY FRIEND THAT I WAS MAKING AN INVESTMENT IN A TECHNOLOGY-RELATED COMPANY. I WAS EXCITED ABOUT THE COMPANY, AND MY FRIEND ASKED IF HE COULD PARTICIPATE AS WELL. I SAID YES AND HELPED HIM FILE THE PAPERWORK. SEEING THE ACTIONS THAT FINRA TOOK, DFI DECIDED TO REVIEW THE MATTER AS WELL AND IMPOSED THEIR OWN SANCTION. I DID NOT RECEIVE ANY COMPENSATION, NOR DID I THINK I WAS ACTING AS A REPRESENTATIVE OF CWM OR THE BROKER-DEALER.