Just imagine slipping into the trusted hands of a seasoned financial advisor, a beacon in the tempestuous seas of investing. Picture yourself nestled comfortably in the powerful grasp of Stratford, Connecticut’s advisor Francis Carson (CRD# 1494735), envisioning the steady increase of your wealth. This was the dream for many of Carson’s clients. But what happens when the guardian angel starts to spread devilish damage?
Can you fathom an allegation claiming over $1.4 million damages against a person deemed your financial flotation device? This is the nightmare scenario for an investor who alleges that Carson’s investment advice sank his financial ship. According to the Financial Industry Regulatory Authority’s public records, Carson operates with Money Concepts Capital as a broker and serves as an investment advisor with Money Concepts Advisory Service while simultaneously operating under the banner of Chapel Wealth Management.
BrokerCheck’s Damning Revelation
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Like an ocean’s undertow pulling an unsuspecting swimmer into its dark depths, the BrokerCheck report surrounding Mr. Carson has raised storm signals, disclosing one investor complaint filed in July 2023. The allegations? As a representative of Money Concepts Capital, Carson charted a rocky course of unsuitable investments, shook the helm with negligence, and eventually breached the contract, leading to the chilling iceberg of a pending complaint alleging damages worth $1,402,600.
The Man Behind Chapel Wealth Management
Digging into the man behind the headlines, we find Carson portrayed as a “seasoned Financial Planner and Investment Advisor Representative focusing on individualized client solutions” on Money Concepts Capital’s website. The services that he brings to the table include the full spectrum of financial navigation tools: estate planning, trust planning, pension planning, college savings, and retirement.
- Can it then be true, the allegations, that the man with over twenty years of investment and finance experience led the ship astray?
- Could he be the kind of misguided captain who believes that “everyone needs financial guidance” but leaves some in turmoil?
- And could he be the one who ‘enjoys opportunities to work with potential clients from all over the country’, but manages to leave a wake of financial wreckage behind?
The Credentials Echoing Hollow?
According to the Financial Industry Regulatory Authority, Carson, based in Stratford, Connecticut, has waved the flag of his 18 years of securities industry experience. Noteworthy among his credentials are four securities industry qualifying exams: the General Securities Representative Examination, commonly known as the Series 7; the Securities Industry Essentials Examination, or SIE in industry parlance; the Uniform Investment Adviser Law Examination, or the Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed to practice in nine U.S. states. So, the question remains – can credentials alone float a sinking ship?
Navigating Troubled Waters with Haselkorn & Thibaut
The law firm of Haselkorn & Thibaut traverses the maze of law for investors all across the United States, championing their claims against financial advisors and investment firms. When your ship seems to be taking on water due to the rocky advice of your financial counselor, help is just a call away. Reach out to us at 1-800-856-3352 or complete our contact form for a free, confidential consultation.
