Investors might have sustained losses due to securities broker Carter J. Damm [CRD: 8101686, Lincoln, Rhode Island], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Damm has been registered with Merrill Lynch since August 12, 2025, as a securities broker and since November 13, 2025, as a financial advisor. Keep reading to find out more about a client complaint disclosed on BrokerCheck.
Specifically, on March 26, 2026, a Merrill Lynch client filed a complaint about Carter Damm. Mainly, the client alleged that Damm purchased a certificate of deposit without the client’s permission during March 2026. Because of this, the client allegedly sustained damages involving CDs. As a result, the client requested $170,000 in compensation from Merrill Lynch or Damm. The matter was closed without a resolution on April 9, 2026.
Unauthorized trading in CDs occurs when a securities broker or financial advisor places a transaction involving certificates of deposit without obtaining the client’s approval or acting outside the authority granted by the client. Investors generally expect brokers to discuss proposed transactions and receive permission before making purchases or sales. When a client believes a CD transaction occurred without authorization, it can result in a complaint or dispute regarding the handling of the account.
Did you experience losses because of Carter Damm? Get in touch with Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Damm and brokerage firms Damm worked for deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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