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RANDY CARPEN Barred for Excessive Trading in Customer Accounts

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03
Feb

RANDY CARPEN Barred for Excessive Trading in Customer Accounts

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RANDY CARPEN Barred for Excessive Trading in Customer Accounts

Randy Carpen, formerly with Vestech Securities, Barred from Securities Industry

Have you lost money with financial advisor Randy Carpen of Fort Lauderdale, Florida?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Randy T. Carpen.  FINRA barred Carpen from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Carpen after he excessively traded or churned a customer account while he was affiliated with Freedom Investors Corp. and Vestech Securities.

Randy Carpen was a financial advisor and registered representative of Vestech Securities from July 2017 to May 2018.  Carpen was also affiliated with Freedom Investors Corp. from February 2015 to June 2017.  He worked at a branch office in Fort Lauderdale, Florida. 

Brokerage firms like Vestech Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Freedom Investors Corp.

If you lost money with Randy Carpen, Freedom Investors Corp., or Vestech Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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