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Illinois Investment Adviser Stephen C. Carver Faces Customer and Regulatory Complaints

The former Cetera Advisors broker (CRD# 2230261) is currently facing pending complaints from securities regulators and an investor over allegations of misconduct and professional violations. Carver worked as a broker in Peoria, Illinois over the course of the previous eight years with the following brokerage firms:

  • Lifemark Securities Corp. from November 2017 to December 2018; and
  • Cetera Advisors from 2010 to 2017.

Termination, Allegations & Investigation

According to public records, Carver is the subject of a pending customer complaint alleging that Carver exploited an elderly client. He was fired from Cetera Advisors for allegedly not disclosing gifts from a client. And, FINRA filed a complaint against him last week alleging that Carver violated securities regulations by failing to disclose personal financial problems.

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The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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