Investors potentially incurred losses because of securities broker Mark Allen Carter [CRD: 6387371, Charlotte, North Carolina], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carter worked for Pruco Securities LLC from September 8, 2014, through March 25, 2024. Readers should see below to discover more about Carter’s disclosures and regulatory history.
Particularly, on November 19, 2025, FINRA issued Case No. 2024081675801 sanctioning Mark Carter. Specifically, FINRA suspended Carter for nine months in all capacities, fined him $20,000, and ordered him to disgorge $6,773 plus interest. FINRA alleged that Carter violated Regulation Best Interest and several FINRA rules involving options trading, discretion, and recordkeeping.
According to FINRA, from January through December 2023, Carter recommended options trading to two retail investors whose investment profiles reflected long-term capital appreciation objectives. FINRA found that these recommendations were not in the investors’ best interest and were unsuitable, in violation of Exchange Act Rule 15l-1(a)(1), FINRA Rule 2360(b)(19)(A), and FINRA Rule 2010. The trading activity resulted in excessive cost-to-equity ratios and losses exceeding $600,000.
FINRA also determined that Carter exercised discretionary authority without obtaining prior written authorization from the investors or approval from his firm. FINRA alleged that Carter placed 2,314 options trades without required written consent, violating FINRA Rules 3260(b), 2360(b)(18)(A)(i), and 2010. In addition, FINRA found that Carter inaccurately marked solicited trades as unsolicited, causing inaccurate books and records in violation of FINRA Rule 4511 and FINRA Rule 2010.
Evidently, a client of Pruco Securities LLC filed a written complaint alleging that Carter engaged in unauthorized trading in multiple retirement accounts. The client claimed damages of $500,000. Pruco Securities settled the matter on August 2, 2024, by paying the client $672,038.58.
Are you concerned regarding investments you made through Mark Carter? You can contact Soreide Law Group at (888) 760-6552 or online to speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group represents investors nationwide, takes cases on a contingency fee basis, and advances all costs. Carter and the brokerage firms he worked for deny allegations of sales practice violations.
Investors apparently complained about securities broker Timothy Revell Roberson (also known as Tim Roberson) [CRD: 2200567, Brentwood, Tennessee], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Roberson worked for Merrill Lynch from January 23, 1992, to October 23, 2024, and later joined Stifel Nicolaus on October 21, 2024, where he remains registered. Investors […]
Investors potentially incurred losses because of securities broker Mark Allen Carter [CRD: 6387371, Charlotte, North Carolina], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carter worked for Pruco Securities LLC from September 8, 2014, through March 25, 2024. Readers should see below to discover more about Carter’s disclosures and regulatory history. FINRA Sanctioned […]
Investors potentially experienced sales practice violations by securities broker Douglas John McCauley (also known as Doug McCauley) [CRD: 1257811, Arlington, Vermont], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Douglas McCauley worked for Madison Avenue Securities LLC from July 16, 2009, to December 31, 2024. Investors should continue reading to find out […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com