Last Updated: November 2025 (Charlotte, N. Carolina)
Mark Carter Investigation Summary
Here’s what you need to know about Charlotte, North Carolina, stockbroker Mark Carter:
- Name: Mr. Mark Allen Carter
- Current Employer: Not Currently Registered with FINRA.
- DBA: Carter Financial Group Investment and Wealth Management Solutions
- Previous Firms: Pruco Securities
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Mark Carter
- Primary Location: Charlotte, North Carolina
- CRD 6387371
- Can Mark Carter be sued in FINRA arbitration: Yes
- Sanctioned by FINRA:Yes
- Employment Separation After Allegations: Yes
- Highest Settlement or Award: $672,038
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark Carter As Your Stockbroker?
In 11/2025 FINRA suspended Mark Carter for 9 months (12/1/2025-6/31/2026) and assess disgorgement and monetary penalties totaling $26,773 for recommending that a married couple engage in options trading that was not in their best interest or suitable for them. According to FINRA, Carter recommended and placed more than 2,200 option trades in the customer’s accounts causing losses of more than $600,000. FINRA determined that more than 2,300 trades without authorization from the customers.
In 4/2024 a customer of Pruco Securities alleged that Mark Carter engaged in unauthorized trading in several retirement accounts . In 8/2024 that case was settled for $672,038.
In 2/2024 Mark Carter voluntarily resigned from Pruco Securities. The firm makes the following allegation on Carter’s FINRA record: “Registered representative self-disclosed that he had engaged in excessive unauthorized trading in client accounts which resulted in excessive losses to the clients. In addition, RR admitted to incorrectly submitting trade orders as “unsolicited”.
[LEARN MORE]:
Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against Mark Carter
A ustomer of Mark Carter and his prior employer, Pruco Securities, have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unauthorized Trading
- Excessive Trading
- Excessive Losses
- Incorrectly submitted trade orders as “unsolicited’
[LEARN MORE]:
Solicited vs Unsolicited Trades
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Other investigations of Pruco Securities Brokers
If you have suffered investment losses in an account handled by Mark Carter, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.