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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