Carolina Financial Securities, LLC (CRD #41970, Brevard, North Carolina)
was censured and fined $50,000 by FINRA for allegedly selling an unregistered private placement offering to their investors for approximately $1.1 million.
FINRA's findings stated that allegedly Carolina Financial Securities failed to follow their own procedures in regards to the selling of private placements and conduct adequate due diligence before approving it for sale to their customers.
According to FINRA, Carolina Financial Securities allegedly failed to ensure that the offering’s private placement memorandum (PPM) included all information about the offering. FINRA's report also included that Carolina Financial Securities approved the offering for sale to its customers without allegedly verifying the representations about the loan agreement which were made in the PPM.
(FINRA Case #2011025755101)
This ends the summation of the information obtained from FINRA's website under, "Disciplinary and Other Actions, June, 2014."
If you sustained investment losses because of your stockbroker or financial advisor’s recommendations in private placements, or other illiquid, and complex products, call Soreide Law Group for a free consultation on how to potentially recover your financial losses at 888-760-6552.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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