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Former Merill Lynch Broker Shakela Carter to be barred from securities industry for failure to cooperate in FINRA investigation

Shakela Carter (Shakela Yashica Carter) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Shakela Carter.

In July 2018 Shakela Carter will be barred indefinitely from practicing as a broker if no further action is taken. Shakela Carter worked for Merill Lynch, Pierce, Fenner & Smith Inc. in Fort Lauderdale, Florida from 2010 to 2016.

FINRA alleges that Shakela Carter engaged in the following misconduct: refusal to cooperate in a FINRA investigation into allegations of misconduct by Merill Lynch.

On July 2, 2018 a default decision was set in motion by FINRA to bar Carter indefinitely from the industry for refusal to cooperate in an investigation into alleged misconduct by her member firm. Merill Lynch filed allegations in 2016 against Carter for fraudulent activity, misconduct involving customers, and participation in clients’ outside business activities. Carter voluntarily resigned from Merill Lynch at the time of allegations. Carter refused to appear to provide on-the-record testimony during the course of the FINRA investigation. As a result, her barred status is pending as of July 2 and will become final if no further action is taken by July 30, 2018.

If you invested money through Shakela Carter, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.

Fishman Haygood Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.

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