Investors might have received losses because of securities broker Mark Allen Carter (also known as Mark Carter) [CRD: 6387371, Charlotte, North Carolina], according to disclosures on FINRA BrokerCheck. According to the regulator, Mark Carter worked for Pruco Securities LLC from September 8, 2014, to March 25, 2024. Here’s more about the securities broker’s disclosures.
Pruco Securities LLC Investor Accused Carter Of Unauthorized Trading
Notably, a client filed a complaint about Mark Carter. The client alleged that Carter engaged in unauthorized trading in retirement accounts known as command/advantage accounts. Because of this, the client allegedly sustained damages. Therefore, on August 2, 2024, Pruco Securities LLC settled this matter by paying the client $672,038.58 in damages.
FINRA Investigating Mark Carter for Possible Violations
Also, FINRA initiated an investigation regarding Carter on April 1, 2024. The nature of the investigation is a review of the events leading to certain disclosures. There is no resolution to the investigation to date, and the matter remains pending.
Carter Terminated for Excessive Trading and Unauthorized Trading
Specifically, Pruco Securities LLC. disaffiliated with Carter on February 27, 2024. Allegedly, Carter engaged in excessive and unauthorized trading in client accounts, which resulted in losses to the clients. In addition, Carter supposedly admitted to incorrectly submitting trade orders as unsolicited.
Were You Impacted By Securities Broker Mark Carter?
Seeking more information about Carter? If you incurred losses, get in touch with Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer about a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Carter and brokerage firms Carter worked for deny accusations of sales practice violations.
