Allegations Regarding James Eugene Holmes III

FINRA brought an investigation into James Holmes of Wells Fargo in Winston-Salem, North Carolina regarding allegations that he engaged in an unsuitable options trading strategy with a client.  FINRA further alleged that he submitted an account application which overstated the client’s prior investment experience and investment objectives, so that the customer could qualify for options trading.  Holmes also engaged in discretionary trading in the customer’s account without written authorization to do so. 

To settle these allegations, he agreed to an eight-month suspension and a $10,000 fine. 

Background on James Eugene Holmes

James Holmes was licensed with Wells Fargo from August 2019 to September 2024 at a Winston-Salem, North Carolina office.  He was discharged by Wells Fargo in September 2024 regarding allegations that he engaged in discretionary trading in multiple client accounts.  He is also the subject of a $500,000 customer complaint.

Can Wells Fargo Be Responsible for Holmes’s Conduct?

Under FINRA Rule 3110, broker-dealers like Wells Fargo must reasonably supervise the activity of its advisors.  Wells Fargo could be responsible for investor losses if it failed to reasonably supervise him.

We Help Investors in North Carolina

We represent investors throughout the United States including North Carolina, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  We have represented numerous investors in North Carolina in the past.  If you were a client of James Holmes and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

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

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

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.

Edward Hill Securities Information

Edward Hill held his securities license through LPL Financial since February 2018.  Prior to that, he was an affiliate of Edward Jones.  Hill works in a West End, North Carolina office.

Did LPL Financial Violate Rules?

Securities firms like LPL Financial must ensure that their representatives follow all applicable rules and regulations.  The firms must make sure that the advisors comply with FINRA’s rules regarding misrepresentations, omissions, and suitability.  Violations of these rules could lead to liability for a broker-dealer.

North Carolina Investment Lawyers

Our securities arbitration law firm represents investors throughout the country, including in West End, North Carolina.   If you were a client of Edward Hill and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Israels & Neuman for a Free Case Evaluation

We always offer Free Consultations. If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you!

(720) 599-3505 or (206) 795-5798

www.IsraelsNeuman.com

MOORESVILLE, NORTH CAROLINA Did you lose money with financial advisor Garrett Moretz with Lifemark Securities in Mooresville, North Carolina? He was recently charged with fraud by the Securities and Exchange Commission (SEC).

The SEC filed a complaint against this advisor, alleging that he repeatedly misrepresented the risks of investing in GWG L Bonds. Mr. Moretz represented to customers that the L Bonds were “guaranteed” and safe. GWG filed for bankruptcy in 2022, wiping out nearly all of investors’ interest in the L bonds.

Garrett Moretz has been an affiliate of Lifemark Securities since May 2017. He worked in a Mooresville, North Carolina office. He has also been the subject of four customer complaints since 2022, all of which involve the sales of GWG products.

Our securities arbitration law firm represents clients all over the country, including investors in North Carolina. We have represented thousands of investors against numerous firms and have represented several investors who lost money investing in these Bonds.

If you lost money with Garrett Moretz or Lifemark Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

View BrokerCheck report HERE View SEC Complaint HERE