Christopher John Carpenter (also known as Chris Carpenter), of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carpenter failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2023077787801 (May 18, 2023).
According to the AWC, on February 1, 2023, LPL submitted a formal notice to end Carpenter’s registration in the securities industry (referred to as Form U5), announcing Carpenter’s termination. The Form U5 conveyed that LPL was investigating Carpenter’s supposed involvement in unauthorized real estate investments with customers. FINRA’s investigation into Carpenter stemmed from the Form U5 submission by LPL.
The AWC stated that on March 28, 2023, FINRA made a formal inquiry to Carpenter, seeking documents and information according to FINRA Rule 8210. As indicated in the communication from his lawyer to FINRA on May 4, 2023, Carpenter admitted receiving FINRA’s request but refused to provide the documents or information sought. By declining to cooperate with FINRA’s request, Carpenter violated FINRA Rules 2010 and 8210.
Carpenter’s stockbroker registration with LPL Financial LLC was terminated on February 1, 2023.
