INVESTOR WARNING—Chadwick Carrick Has Pending Customer Complaint For Alleged Excessive Trading And Breach Of Fiduciary Duty
The Wolper Law Firm is currently investigating claims against Chadwick Carrick, a former Financial Advisor at Stifel Nicoloaus, who is now with Jeffrey Matthews Financial Corp. in Mobile, Alabama. Chadwick Carrick has been in the securities industry since the 1990s and previously worked at Sterne, Agee & Leach and Morgan Stanley.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on January 19, 2018, Chadwick Carrick became the subject of a customer complaint in which the customers allege “negligence, failure to supervise, excessive trading, churning, and breach of fiduciary duty.” The matter remains pending.
In addition, Chadwick Carrick was previously discharged by Morgan Stanley in 2009 for allegedly violating “firm policies and procedures by altering a journal form and letter of authorization…”
https://brokercheck.finra.org/individual/summary/3093870#disclosuresSection
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. In addition, Financial Advisors must first obtain authorization from their customers before placing trades in a customer account. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of Chadwick Carrick, and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.
