Securities Lawyers Blog
When FINRA brings a disciplinary action against a brokerage firm, the findings frequently describe supervisory failures, unsuitable investment recommendations, or sales practice violations that affected many customers at once. The FINRA actions described below involve Carter, Terry & Company, Inc. The FINRA arbitration lawyers at Gana Weinstein LLP represent investors in FINRA customer disputes against brokerage firms, and a firm’s regulatory record is often important evidence in those claims. Our attorneys can determine whether your investment losses are connected to the conduct FINRA identified.
Carter, Terry & Company is a full-service broker-dealer and investment adviser providing brokerage and managed investment accounts, financial planning for retirement, college savings, and estates, and investment banking and capital raising for small to mid-sized private and public companies. Founded in Georgia in 1985 and headquartered on Peachtree Road in Atlanta, the firm serves individuals and businesses across the country and has been ranked among Atlanta’s top brokerage firms by the Atlanta Business Chronicle.
Carter, Terry & Company, Inc. – By the Numbers:
- CRD #: 16365
- Regulatory Events: 3
- Arbitration Events: 1
- Broker Employees: 33
Carter, Terry & Company, Inc. – Investment Advisors:
- SEC #: 113129
- Assets Under Management: $103,973,773
- ADV Form Employee: 33
Carter, Terry & Company, Inc. – In the News:
FINRA v. Carter, Terry & Company, Inc. (Case #2023078794802) – Since June 30, 2020, Carter Terry has failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with the Care Obligation of Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI) with respect to Unit Investment Trust recommendations. Carter Terry therefore violated FINRA Rules 3110 and 2010. Moreover, during the same period, Carter Terry has failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with the Care Obligation of Reg BI with respect to the same recommendations. Carter Terry therefore violated Reg BI and Rule 2010 by virtue of failing to comply with Reg BI’s Compliance Obligation. For these violations, the firm is censured, fined $75,000, ordered to pay $176,590.57 in restitution, and ordered to comply with an undertaking.
The FINRA actions described above involve Carter, Terry & Company, Inc. itself, and investors whose losses are connected to the conduct FINRA identified may have claims against the firm. Gana Weinstein LLP offers free consultations and we welcome all inquiries.