William Carlton Connected To Cetera Advisors Clients’ Breach Of Fiduciary Duty Allegations

Investors might have sustained losses through securities broker William David Carlton (also known as Bill Carlton) [CRD: 1215541, Bellevue, Washington], according to disclosures on FINRA BrokerCheck. Evidently, Carlton worked for Cetera Advisors LLC from September 8, 2022, to January 17, 2024, and for First Allied Securities Inc. from December 9, 2008, to September 8, 2022. Keep reading to find out more about Carlton’s disclosures and the investor disputes connected to his employment history.

Cetera Advisors LLC Investor Accused Bill Carlton Of Misrepresentation

Evidently, on March 25, 2025, a Cetera Advisors LLC client filed FINRA Arbitration No. 25-00611 about William Carlton. Evidently, the client claimed that Carlton misrepresented a trading strategy, breached a contract, was negligent, and breached his fiduciary duty. Because of this, the client allegedly incurred damages linked to real estate securities. As a result, the client requested compensatory damages in compensation from Cetera Advisors LLC or Carlton. Supposedly, this matter awaits a resolution.

William Carlton Disclosed Unsuitable Trading Allegations By Cetera Advisors LLC Client

Specifically, a client of Cetera Advisors LLC contested William Carlton’s conduct by filing FINRA Arbitration No. 25-00338 on March 19, 2025. Allegedly, Carlton engaged in unsuitable trading, breached his fiduciary duty, was negligently supervised, and breached a contract relating to real estate investment trusts. Therefore, the client seeks compensatory damages from Cetera Advisors LLC or Carlton in this ongoing matter.

Cetera Advisors LLC Investor Accused Bill Carlton Of Breach Of Contract, Breach Of Fiduciary Duty

Evidently, on January 6, 2025, a Cetera Advisors LLC client filed FINRA Arbitration No. 25-00029 about William Carlton. Primarily, the client alleged that Carlton breached a contract, made unsuitable recommendations, and breached his fiduciary duty relating to real estate securities. For this reason, the client requested compensatory damages in compensation from Cetera Advisors LLC or Carlton. It appears that this arbitration is pending a resolution.

William Carlton Charged By SEC With Breach Of Fiduciary Duty

Evidently, the Securities and Exchange Commission filed Complaint: 2:24-CV-01542 on September 27, 2024. Allegedly, Carlton engaged in a scheme involving the improper allocation of stock trades, a practice commonly known as “cherry picking.”

From 2015 through 2022, Carlton allegedly executed trades in his accounts and waited to see how the stock prices moved during the trading day. When a stock increased in price, he kept the profitable trades for himself. When a stock declined, he shifted those losing positions into his clients’ accounts. By doing this, Carlton allegedly secured millions of dollars in profits for himself while transferring the losses onto his clients. The SEC contends that this conduct amounted to a breach of his fiduciary duty and violated federal securities laws. The case remains pending in federal court in Seattle, Washington.

Have You Made Investments Through Securities Broker Bill Carlton?

Do you need clarification on any investment losses relating to William Carlton? You can get in touch with Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Carlton and brokerage firms Carlton worked for deny accusations of sales practice violations.