Unauthorized trading by investment advisors is generally considered to be a fraudulent activity. Typically, unless discretion to trade without speaking to the customer is granted to the broker in writing, the broker is required to obtain permission for all transactions for the customer after discussing the relevant factors which form the basis for a recommended trade.

Greco & Greco has represented North Carolina investors for decades in FINRA arbitrations based on wrongful conduct by stock brokers and their brokerage firms. If you believe you may have been harmed by a broker’s bad acts, please contact Securities Fraud Lawyer Scott Greco for a free attorney consultation about your case.

The investigation allegedly was initiated in response to a Uniform Termination Notice for Securities Industry Registration (Form U5), reporting Carpenter’s discharge from his firm, LPL Financial. The Form U5 stated that LPL was reviewing Carpenter’s “alleged participation in unapproved real estate investments with customers.”

Mr. Carpenter’s FINRA Brokercheck report states that he was registered with LPL in Charlotte from 2020 to 2023, and prior to that he was registered with Spire Securities.

If you have lost money as a result of real estate investments associated with Mr. Carpenter or LPL, please contact W. Scott Greco for a free attorney consultation about your potential case. Greco & Greco has decades of experience representing harmed investors in cases of high risk real estate and other investments, as well as cases of securities fraud and investment fraud.

• From 2012 until 2022 Mr. Good solicited customers to transfer funds to his personal bank account, allegedly for investments in real estate and government bonds.
• In ponzi scheme fashion, the transferred monies were used to repay earlier customers who had also invested, in addition to payment of Mr. Good’s personal expenses.
• The alleged fraud included at least $4,800,000.00 paid from customers, and approximately $2,000,000.00 in losses for investors.

Mr. Good was also indefinitely barred from the securities industry by FINRA pursuant to an Acceptance, Waiver and Consent agreement. Mr. Good’s FINRA Brokercheck report also discloses two customer complaints of alleged misappropriation of funds.

The Brokercheck report does not report any settlement of the claims by Mr. Good or Morgan Stanley. Securities firms such as Morgan Stanley may be found liable for the wrongful and fraudulent actions of their brokers under a number of legal theories. First, employers can be liable for the fraudulent acts of their employees and agents under basic agency law. Second, most state securities laws including North Carolina’s hold control persons (firms and management of firms) legally responsible for the securities fraud of their brokers, and provide for returns of losses, interest, and reasonable attorneys fees.

If you were a victim of Mr. Good or another financial advisor who stole funds or conducted a ponzi scheme, and wish to discuss your potential case with an attorney, please contact the securities fraud lawyers at Greco & Greco. You can contact Scott Greco here for a free attorney consultation.