A former advisor affiliated with Commonwealth Financial was arrested earlier this week for online sexual corruption of a child in Eugene, Oregon.
Nathan Duane Oeming, 40, responded to an online posting that law enforcement investigators created as part of a local sting operation focused on child prostitution.
He arranged what he thought was a meetup with a 15-year-old girl near a high school and was taken into custody and booked into the Lane County Jail on Tuesday.
Oeming was later released, after agreeing to appear in court on Jan. 28, according to a report in the Register-Guard.
Police in Eugene said the sting aimed to continue to raise awareness of this type of crime and prevent sexual exploitation.
Oeming became an advisor in 2004 with Citigroup. He moved to Morgan Stanley in 2009 and D.A. Davidson in 2019, joining Commonwealth in 2013, according to BrokerCheck. He has no compliance disclosures.
“As a result of Mr. Oeming’s arrest, Commonwealth immediately terminated his affiliation on Jan. 15, 2020,” the firm said in a statement.
The ex-advisor is known in the community for fundraising and serving as a volunteer YMCA basketball coach, the local paper reported. He also was an advisory member of the finance committee of Kids FIRST, a nonprofit group that helps child victims.
“We want to assure the community that at no time during his involvement with Kids FIRST did Mr. Oeming interact with children or families served by our center,” it said on Facebook.