A former Wells Fargo financial planner who allegedly posted about investments on social media without the firm’s approval was among five current or former financial professionals sanctioned by Certified Financial Planner Board of Standards.

Matthew Stevick of Mantua, N.J., was permanently barred from applying for or obtaining the CFP Board certification marks following his failure to respond timely to the board’s complaint regarding his activity on social media, the board said. The administrative permanent bar was effective as of August 23.

Three other planners were suspended, and one was publicly censured.

Stevick, who had worked at Wells Fargo since August 2019, voluntarily resigned in June 2022, according to BrokerCheck. The board said it sought to investigate the termination after “allegations that he posted investment-related commentary on social media without preapproval from the firm and mishandled confidential client information.”

Stevick, who co-founded PE firm Rye Growth Fund in 2019, could not be reached for comment.

He began his career in 2005 with Merrill Lynch, Pierce, Fenner & Smith Inc. He joined  Scottrade, Inc. in 2015 and moved to J.P. Morgan Securities in 2017, before joining Wells Fargo in 2019, according to BrokerCheck.

The following is the complete list of sanctioned planners: