Michael Carleton Boothe (also known as Carleton M. Boothe) of Fort Lauderdale Florida a stockbroker formerly registered with International Assets Advisory is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations of negligence and fraud with regard to the customer’s investments in direct participation program interests or limited partnership interests during the time that Boothe was associated with International Assets Advisory. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00785 (Mar. 9, 2020). According to the claim, securities transactions were not suitable and had been effected by the stockbroker in violation of contract.
FINRA Public Disclosure confirms that Boothe has been identified in two additional customer initiated investment related disputes concerning accusations of his misconduct while employed by International Assets Advisory. On February 22, 2018, a customer filed an investment related complaint concerning Boothe’s activities where the customer sought $20,000.00 in damages founded on accusations that unauthorized real estate investment trust and common and preferred stock trades were executed in the customer’s account.
Boothe has also been referenced in a customer initiated investment related arbitration claim which settled for $32,500.00 in damages supported by allegations that the customer had been defrauded and that FINRA rules were violated in regard to equities transactions that Boothe executed in the customer’s account. FINRA Arbitration No. 19-00439 (Apr. 23, 2019). The claim alleges that the stockbroker had been negligent and breached both a fiduciary duty and his contractual obligations to the customer.
Boothe’s employment with International Assets Advisory was terminated on December 12, 2018.