DID STEPHEN CARVER CAUSE YOU INVESTMENT LOSSES?
Stephen Carver Formerly With LifeMark Securities And Cetera Advisors Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Stephen Carver formerly with LifeMark Securities?
Stephen Carver (CRD #2230161) who was formerly registered with LifeMark Securities and located in Peoria, Illinois is a subject of one of our many securities industry sales practice abuse investigations. Prior to LifeMark Securities, Stephen Carver was associated with Cetera Advisors and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Stephen Carver was also the subject of a FINRA investigation into an investment -related customer complaints. He allegedly refused to cooperate with the investigation refused to produce information and documents requested by FINRA. As a result, is permanently barred from any further association with any member for in any capacity.
Stephen Carver Customer Complaints
Stephen Carver has been the subject of 3 customer complaints that we know about. Two of Stephen Carver’s 3 customer complaints were settled in favor of investors. One of Stephen Carver’s customers’ complaints was denied and, to date, the customers have not taken any further action.
Allegations Against Stephen Carver
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged Stephen Carver acted as a selling agent for his spouse in homegrown Engery/Havana Ethanol without disclosing the fact to potential buyers/investors of spouse’s involvement.
- Client alleges that Stephen Carver made high number of trades and earned excessive commissions.
- Stephen Carver’s alleged financial exploitation of the elderly, negligence, breach of fiduciary duty, unlawful conversion, breach of Illinois consumer fraud Act, Fraud, negligent misrepresentation, breach of FINRA regulations, and breach of Illinois and federal securities laws resulted in a settlement of $1.5 million.
Stephen Carver Red Flags & Your Rights As An Investor
Of course, Stephen Carver 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 Stephen Carver at LifeMark Securities and Cetera Advisors on alert to review carefully the activity and performance of their accounts and question whether Stephen Carver has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LifeMark Securities and Cetera Advisors also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At LifeMark Securities And Cetera Advisors Due To Stephen Carver
If you have questions about LifeMark Securities, Cetera Advisors, and/or Stephen Carver 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.