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.

Mr. Craffy’s Brokercheck report from FINRA discloses that he was discharged by Monmouth for failing to “disclose Outside Business Activity.” It also states that he has one customer complaint pending with allegations of negligence, fraud, breach of contract and breach of fiduciary duty.

The FINRA Letter of Acceptance, Waiver and Consent states that Mr. Craffy failed to appear to testify regarding his “potential conversion of customer money, loans or gifts from customers, active trading in customer accounts, and failure to fully disclose certain outside business activities.” He was barred from associating with any FINRA member in all capacities.

The Washington Post has reported that Mr. Craffy allegedly lost large amounts of monies paid in life insurance proceeds to grieving Army families.

FINRA advisors such as Mr. Craffy are required to invest customer monies in a suitable manner that is in the best interest of the customer, and in a manner that complies with the level of risk appropriate for the customer. If you are a victim of Mr. Craffy or any other broker who has lost monies as a result of the wrongdoing of the broker, please contact Scott Greco for a free attorney consultation about your case.