MLB Pitcher Turned Financial Advisor Barred By FINRA

Posted on May 31st, 2023 at 3:30 PM
MLB Pitcher Turned Financial Advisor Barred By FINRA

From the desk of Jim Eccleston at Eccleston Law 

Christopher J. Carpenter, a former Major League Baseball player, has been barred by the Financial Industry Regulatory Authority (FINRA) for his refusal to supply information to FINRA as part of an investigation.

According to FINRA, in an effort to follow up on a U5 termination notice submitted by LPL, Carpenter refused to supply FINRA with the information. LPL’s u5 termination notice alleged that Carpenter participated in unapproved real estate investments with customers, according to AdvisorHub.

Carpenter’s actions violated FINRA's 8210, which mandates cooperation from FINRA members, and Rule 2010, requiring advisors to observe high standards of commercial honor. Carpenter accepted the penalty without admitting or denying the allegations.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

 

 

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

September 5, 2025
Merrill Lynch Advisor Faces FINRA Disciplinary Action for Refusing to Cooperate with Investigation

The Financial Industry Regulatory Authority (FINRA) has initiated disciplinary proceedings against former Merrill Lynch broker Ali F. Chehab of Portland, Oregon. According to ThinkAdvisor, FINRA alleges that he refused to cooperate in an investigation into potential misconduct, including unauthorized trading and material misrepresentati...

September 4, 2025
Wells Fargo Ties $2,000 Bonus to Non-Solicitation Clause, Raising Advisor Concerns

Wells Fargo & Co. recently issued a $2,000 bank-wide award to its 215,000 employees, following the Federal Reserve’s June decision to lift its asset growth restrictions.

September 3, 2025
Kansas City Advisory Firms Agree to $25.5 Million Settlement Over No-Poach Allegations

Mariner Wealth Advisors, along with two other Kansas City-area firms, has agreed to a $25.5 million class action settlement over allegations that they illegally agreed not to solicit each other’s advisors.