According to the SEC, Mr. Carter has plead guilty to related federal criminal charges.
FINRA securities firms such as Morgan Stanley have duties to supervise their registered representatives such as Mr. Carter, and implement reasonable supervisory systems to detect and prevent fraudulent activity. Such firms can be held liable in FINRA arbitrations for the fraudulent acts of their agents, and for their failures to supervise. If you were a victim of Mr. Carter, or any other fraudulent scheme relating to investments, and you would like to discuss your potential claims for free with any attorney, please contact W. Scott Greco at Greco & Greco, P.C. here: https://www.grecogrecolaw.com/contact