Haselkorn & Thibaut, a national securities fraud law firm with over 50 years’ experience, a 98% success rate, and millions recovered for investors, has opened an investigation into Mark Carter, a former financial advisor at Pruco Securities in Charlotte, North Carolina. If you have invested with Mark Carter or suffered losses at Pruco Securities, this report provides all the vital facts to help you make an informed decision for your financial recovery.
Who is Mark Carter?
Mark Carter (CRD# 6387371) has nine years of experience in the securities industry. Most recently, he was registered with Pruco Securities from 2014 until 2024, based in Charlotte, NC. As of late 2025, he is no longer registered with FINRA or any broker-dealer firm and is currently suspended.
Key Regulatory Actions & Disclosures: What Investors Need to Know
Recent history reveals significant findings by the Financial Industry Regulatory Authority (FINRA BrokerCheck) and public records. Below is a detailed breakdown of red flags, disciplinary actions, and complaint history associated with Mark Carter.
Mark Carter’s FINRA Suspension and Regulatory Action
Table of Contents
- Suspension and Fine: In November 2025, FINRA suspended Mark Carter for nine months and imposed a $20,000 fine. He was also ordered to pay $6,773 in commissions to be disgorged.
- Allegations: According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), Carter recommended unsuitable and excessive options trades to at least two customers, breaching their stated needs for capital appreciation and long-term investment horizons.
- High Trading Volume: Carter conducted over 2,200 options trades in the affected accounts, with annualized cost-to-equity ratios averaging 42%. According to FINRA, this made it nearly impossible for investors to achieve a profit—or even break even.
- Substantial Client Losses: Two investors saw their accounts lose approximately 99% of their total value, amounting to more than $600,000 in total losses.
- Improper Discretionary Authority: Carter exercised discretionary trading authority in client accounts without the required prior written authorization.
- Trade Mislabeling: Carter marked solicited trades as unsolicited, a further breach of regulatory standards.
Investor Complaint Reaching Six-Figure Settlement
- Unauthorized Retirement Account Trades: In 2024, a formal investor complaint was filed alleging that Carter made unauthorized trades in several retirement accounts while at Pruco Securities.
- Large Settlement: This complaint reached a notable settlement of $672,038.58—a major red flag for investors reviewing his conduct history.
Summary Table: Mark Carter’s Disclosure Events
| Date | Event | Details | Status/Outcome |
|---|---|---|---|
| 2023 | Unsuitable Options Trades | Over 2,200 trades, resulting in 99% loss of customer accounts | FINRA investigation (2025) |
| 2025 | FINRA Regulatory Action | Suspended for 9 months, fined $20,000, disgorgement ordered | Suspension & monetary penalties |
| 2024 | Investor Complaint | Unauthorized trading in retirement accounts | Settled for $672,038.58 |
Red Flags for Investors
- Unsuitable Trading: Excessive and inappropriate options strategies, ignoring client goals and risk tolerance
- Significant Financial Losses: Losses approaching 99% of account values for affected clients
- Lack of Written Authorization: Exercising control over accounts without required documentation
- Mislabeling Trades: Marking trades as unsolicited when they were in fact solicited
- Regulatory and Legal Settlements: Large client settlements and formal disciplinary actions
- No Current Registration: Carter is no longer registered with FINRA or any brokerage firm as of November 2025
How to Check the Latest Information on Mark Carter
Investors are encouraged to independently verify Mark Carter’s most recent regulatory and complaint history. To do this:
- Visit FINRA BrokerCheck and search “Mark Carter” or “CRD 6387371.”
- Review the “Disclosures” tab for any new regulatory events, complaints, or settlements.
- Monitor news or announcements by subscribing to alerts related to Mark Carter or Pruco Securities.
- Contact state securities regulators for additional details if necessary.
Why Choose Haselkorn & Thibaut?
Haselkorn & Thibaut is a nationally recognized investment-fraud law firm dedicated to representing investors against financial advisors and major brokerage firms. With a 98% success rate and a commitment of “No Recovery, No Fee,” clients benefit from years of experience, proven results, and an empathetic approach to helping recover lost investments.
If you or a loved one suffered losses investing with Mark Carter or Pruco Securities, do not wait. Get a free, confidential consultation with an experienced team who puts your financial future first.
Call Haselkorn & Thibaut toll-free at 1-888-994-8066 or visit investmentfraudlawyers.com to learn more.
Take the first step toward recovering your financial losses today.
