The Certified Financial Planner Board of Standards has suspended a Eugene, Ore.-based financial advisor who was caught and arrested in a child prostitution sting in January, pending the outcome of the felony case.

The CFP Board's Disciplinary and Ethics Commission issued the interim suspension against Nathan Duane Oeming, which was effective as of Wednesday.

Oeming, 40, who was an advisor for the Oeming Group, affiliated with Commonwealth Financial Network, allegedly responded to an online posting and agreed to meet a girl identifying herself as 15 years old “in the vicinity of a local high school,” according to Eugene police.

When he arrived to meet the girl, he was arrested by Eugene police on suspicion of first-degree online sexual corruption of a child.

He was immediately terminated by Commonwealth. He had worked at the firm for six years, from 2013. Previously, he spent stints at D.A. Davidson, Morgan Stanley Smith Barney and Citigroup Global Markets, all in Eugene, according to the BrokerCheck database.

The CFP Board said on February 5 that it issued an order to show cause directing Oeming to show why his right to use the CFP marks should not be temporarily suspended pending the outcome of an investigation by the board pursuant to its disciplinary rules and procedures.

Oeming, the board said, had the burden to prove, by a preponderance of the evidence, that the alleged conduct against him did not pose an immediate threat to the public and that the gravity of his alleged conduct did not significantly impinge upon the stature and reputation of the CFP marks. But he did not file a response to the order to show cause. Instead, the CFP Board counsel and Oeming consented to the imposition of an interim suspension by the board’s Disciplinary and Ethics Commission and Oeming waived his rights to appear at the hearing.

On April 22, the CFP Board said that the disciplinary commission determined in a paper review hearing that Oeming failed to prove that he did not pose an immediate threat to the public and that the gravity of his alleged conduct did not significantly impinge upon the stature and reputation of the CFP marks. Therefore, the commission issued an interim suspension to Oeming.

Under the interim suspension order, Oeming’s right to use the CFP marks is suspended pending the CFP Board’s completed investigation and possible further disciplinary proceedings, the board said.

According to the local media, Oeming was a “prominent” community member in Eugene. He served as a fundraiser and volunteer youth basketball coach at the local YMCA. He also volunteered at CASA—for “Court Appointed Special Advocates for Children,” an organization that shepherds abused and neglected children through the court and child protective services systems, and he served as an advisory member of Kids FIRST, another organization dedicated to helping child victims.