- May 31, 2023
- LPL Financial
Christopher J. Carpenter (CRD#: 6601132) is a previously registered Broker and previously registered Investment Adviser.
He entered the securities industry in 2016 and previously worked for LPL Financial, LLC; Spire Securities, LLC; Janney Montgomery Scott, LLC; and Stifel, Nicolaus & Co., Inc.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in May 2023, FINRA sanctioned Christopher J. Carpenter, permanently barring him from all capacities, indefinitely, beginning May 18, 2023. The FINRA sanction states, “Without admitting or denying the findings, Carpenter consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA. The findings stated that this matter originated from FINRA’s review of the Uniform Termination Notice for Securities Industry Registration (Form U5) filed by Carpenter’s member firm stating that the firm was reviewing his alleged participation in unapproved real estate investments with customers.”
For a copy of the FINRA sanction, click here.
Christopher J. Carpenter has no additional disciplinary history.
For a copy of Christopher J. Carpenter’s FINRA BrokerCheck, click here.
We Help Investors Recover Investment Losses
The Financial Industry Regulatory Authority (FINRA) strictly prohibits financial advisors from “selling away” or selling securities and investments to clients that are not offered by the brokerage firm with which they are employed. For example, it is illegal and a violation of industry rules for a financial advisor to recommend or even suggest that a client invest in the financial advisor’s own business or a business operated by his or her friends or family. It is not necessary that the financial advisor earn any compensation for recommending an outside investment.
The purpose behind this prohibition is to ensure that a financial advisor only offers to sell securities that have been vetted by his or her employer brokerage firm through a rigorous due diligence process. Most brokerage firms have an approved list of investments, products, and research that can be provided or made available to clients. Any deviation by the financial advisor from the approved product list may constitute selling away.
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