Allegations Regarding Mark Carter’s Suspension

FINRA has bought a regulatory action against Mark Carter, formerly with Pruco Securities in Charlotte, North Carolina.  FINRA alleged that he recommended that a couple engage in options trading that was not suitable for them and allegedly caused them to incur substantial financial losses.  FINRA further alleged that he engaged in discretionary trading (trading in an account without getting specific approval for each trade from the client) without getting written permission to do so.

To settle these allegations, Carter agreed to a nine-month suspension, a $20,000 fine, and agreed to disgorge $6,773.  FINRA’s BrokerCheck also discloses that a case filed against Pruco Securities involving Carter settled for $672,000.

Background on Mark Allen Carter

Mark Allen Carter was licensed with Pruco Securities from 2014 to March 2024 at a Charlotte, North Carolina office.  Carter was also allowed to resign from Pruco Securities regarding these allegations.

Can Pruco Securities Be Responsible for Customer Losses?

Pursuant to FINRA Rule 3110, brokerage firms must adequately supervise the activity of its advisors.  Pruco Securities could be responsible for investor losses if it failed to reasonably supervise him.

Israels & Neuman Helps Investors in North Carolina

We represent investors throughout the United States as well as North Carolina, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Mark Carter and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Carter’s BrokerCheck Report
• View Carter’s FINRA AWC

Contact Israels & Neuman for a Free Case Evaluation

All of our FINRA Arbitration cases are taken on a contingency fee basis, meaning you don’t pay us unless we recover money for you!

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about what we can do to help you recover your losses.