DID MICHAEL BARRY CARTER CAUSE YOU INVESTMENT LOSSES?
Michael Carter Formerly With Morgan Stanley Has 5 Customer Complaints For Alleged Broker Misconduct
Who is Michael Carter formerly with Morgan Stanley?
Michael Carter (CRD #3232017) who was formerly registered as a broker with Morgan Stanley and located in McLean, Virginia, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Morgan Stanley, Michael Carter was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Michael Carter has had his own regulatory problems with federal and state regulators. First and foremost, the SEC filed a civil suit against Michael Carter which was settled by consent against Michael Carter, permanently enjoining him from future violations of the securities laws. The SEC complaint alleged that Michael Carter misappropriated approximately $6 million from brokerage customers and an elderly investment advisory client while he served as their financial advisor. Not only was Michael Carter permanently enjoined, he was permanently barred from the securities industry in any capacity and ordered to pay over $4 million in disgorgement of his ill-gotten gains.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Carter Customer Complaints
Michael Carter has been the subject of 5 customer complaints that we know about to recover investment losses. All 5 of the customer complaints were settled by Morgan Stanley in favor of the investors. Morgan Stanley also terminated him for his misconduct.
Allegations Against Michael Carter
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Misappropriation of customer funds.
- Unauthorized withdrawals of funds from customer’s accounts.
Michael Carter Red Flags & Your Rights As An Investor
Of course, Michael Carter did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Carter at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Michael Carter has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Michael Carter
If you have questions about Morgan Stanley and/or Michael Carter and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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