That was before the Los Angeles Times uncovered the fact that Carnes had been "recently disciplined by financial regulators." More specifically:
... federal records show Carnes was disciplined by investment regulators in May 2013. He signed a consent settlement with the Financial Industry Regulatory Authority in which he agreed to be barred from association with financial investment advisors. The document alleged Carnes hid an outside business deal and provided investigators with "false and misleading statements that minimized and mischaracterized his involvement." Carnes did not admit guilt.Brown's office says it was "unaware" of the "disciplinary action," because it was "not disclosed by the applicant." In addition, Carnes had a "certificate of rehabilitation" from an Orange County court. Nonetheless, the pardon has been "withdrawn." See more on this story and other interesting cases here.