National investment loss lawyers KlaymanToskes is investigating Francis Carson (CRD# 1494735) following the filing of a $1.4 million customer complaint alleging unsuitable investment recommendations, negligence, and other securities violations related to investments in Pre-IPO Securities.
According to FINRA BrokerCheck, Francis Paul Carson is registered as a broker/investment advisor with Money Concepts Capital and Money Concepts Advisory Services, and is also doing business as the following firms:
Carson is reportedly doing business in the following locations:
Investors that suffered losses with Francis P. Carson may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman for a free consultation at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your recovery options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
According to FINRA BrokerCheck, Francis P. Carson has one pending customer complaint disclosed. The complaint alleges that Carson made unsuitable investment recommendations resulting in $1,402,600 in damages. The customer further alleges negligence, breach of contract, and lost opportunity regarding investments in Pre-IPO Securities.
Money Concepts Capital’s website describes Carson as “a seasoned Financial Planner and Investment Advisor Representative” with “over twenty years of investment, finance and risk management experience.” Prior to joining Money Concepts Capital, Carson was registered with the Trustmont Financial and Trustmont Advisory Group.
According to the Securities and Exchange Commission’s “Regulation Best Interest Compliance Guide,” the SEC created its Regulation Best Interest (“Reg BI”) standard of conduct in 2019, for broker-dealers and their registered representatives, when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer.
Reg BI requires that financial professionals act in the best interest of their customers when making investment recommendations and requires that they place their customers’ interests ahead of their own.
In order to satisfy the general requirement of Reg BI, broker-dealers and their registered financial professionals must comply with the following four “component obligations”:
KlaymanToskes can help you determine if your investment losses are the result of your broker/investment advisor’s failure to comply with the SEC’s Regulation Best Interest, and/or other federal and state securities laws.
Contact attorney Lawrence L. Klayman for a free consultation at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your legal options at no cost. We do not collect attorney’s fees unless we obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com