The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Michael Carter. According to his publicly available FINRA BrokerCheck report, Michael Carter has been the subject of an employment termination.

Michael Carter was a Virginia based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with five different securities firms.

His Registrations

  • Dean Witter Reynolds (1999-2000)
  • Financial Network Investment Corporation (2000-2002)
  • Merrill Lynch (2002-2006)
  • Amerirpise Financial Services (2011)
  • Morgan Stanley (2006-2019)

The Allegations

In July 2019, Michael Carter was discharged from his position at Morgan Stanley. This followed allegations that he misappropriated customer funds. Michael Carter was later barred by FINRA after allegedly failing to provide documents and information FINRA requested while investigating the matter.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Michael Carter, please contact Oakes & Fosher for a free and private consultation.