FINRA barred securities broker Carlton Fletcher [CRD: 2455798, New York, New York], based on disclosures found on FINRA BrokerCheck. Evidently, Fletcher worked for Dinosaur Financial Group, L.L.C. from January 4, 2010, to April 11, 2024. Keep reading to discover more about Fletcher’s disclosures.
On January 24, 2025, FINRA issued Case No. 2024082805201 sanctioning Carlton Fletcher and imposing a permanent bar from working with any FINRA member firm. This action stemmed from Fletcher’s refusal to provide documents and information that FINRA requested during an investigation into allegations that he converted funds belonging to an individual. Without admitting or denying the allegations, Fletcher consented to FINRA’s findings through a Letter of Acceptance, Waiver, and Consent (AWC).
The matter began in October 2024, when FINRA asked Fletcher to produce specific information and documents. Fletcher did not respond, and when FINRA followed up in November 2024 with a second request, he confirmed that he had received the requests but would not comply. By refusing to cooperate, FINRA determined Fletcher violated Rules 8210 and 2010, which require associated persons to provide requested information and to act with honesty and fairness in the securities industry. As a result, Fletcher was permanently barred from the securities industry effective January 24, 2025.
Particularly, a client of R.D. White Co. Inc. contested Carlton Fletcher’s sales practices by bringing NASD Arbitration No. 00-01551. Allegedly, Fletcher engaged in unauthorized trading. It appears that Fletcher caused the client to sustain damages linked to stocks. As a result, FINRA Arbitrators issued an Award dated December 3, 2001, compelling R.D. White Co. Inc. or Fletcher to compensate the client in the amount of $10,000.00.
Are you concerned regarding investments you made with Carlton Fletcher? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding recovering your investment losses. For years, Soreide Law Group has recovered losses for clients throughout the country. The firm also works by a contingency fee arrangement and advances all costs. Fletcher and brokerage firms Fletcher worked for deny all accusations of sales practice violations.
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