oreide Law Group obtained the following information on FINRA’s website on the former broker Randy T Carpen under, “Disciplinary and Other FINRA Actions, March 2020.”
FINRA has barred Randy T Carpen (Also known as R T Carpen, Ramsey Capen, Randy Carpen) (CRD #2469877, Fort Lauderdale, Florida) from acting as a broker or otherwise associating with a broker-dealer firm.
On January 31, 2020, an Acceptance, Waiver and Consent (AWC) was issued by FINRA in which Randy T Carpen was barred from association with any FINRA member in all capacities.
Without admitting or denying FINRA’s findings, Randy T Carpen consented to the sanction and to the entry of findings that he failed to produce documents and information requested by FINRA during an investigation into allegations that he excessively traded a client account.
(FINRA Case #2017052698601)
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Randy T Carpen has 8 Disclosures on his CRD report. Of the 8 Disclosures, 6 are Customer Disputes. Carpen had been registered in the securities industry for 20 years and was listed with 19 firms. The most recent are listed below:
07/25/2017 – 05/10/2018 VESTECH SECURITIES, INC. – ST. LOUIS, MO
06/21/2017 – 07/20/2017 IBN FINANCIAL SERVICES, INC. – LIVERPOOL, NY
02/25/2015 – 06/21/2017 FREEDOM INVSTORS CORP – BROOKFIELD, WI
12/10/2014 – 02/17/2015 IFS SECURITIES – ATLANTA, GA
11/01/2013 – 12/10/2014 NEWBRIDGE SECURITIES CORPORATION – BOCA RATON, FL
01/10/2013 – 11/21/2013 WESTPARK CAPITAL, INC – FT. LAUDERDALE, FL
08/08/2012 – 01/14/2013 CBG FINANCIAL GROUP INC – FT LAUDERDALE, FL
03/09/2010 – 08/15/2012 EKN FINANCIAL SERVICES INC – FT LAUDERDALE, FL (FINRA expelled the firm on 10/12/2012)
10/28/2008 – 02/18/2010 JESUP & LAMONT SECURITIES CORP – FT LAUDERDALE, FL (FINRA expelled the firm on 11/04/2010)
Financial advisors/brokers have a responsibility to their clients to recommend suitable investments. Excessive trading can occur when the broker may make transactions for the purpose of generating commissions for their own interests.
If you’ve experienced losses due to the actions or recommendations of the former broker, Randy T Carpen listed with the firms above, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.