Carson Wealth & Ron Carson Face $500K Claim for Alleged Overcharges
According to recent reports, Carson Wealth Management is facing a $500,000 arbitration claim accusing it of overcharges.
A client reportedly alleges that Ron Carson, head of Carson Wealth, improperly notified a product sponsor that the client was no longer a client of CWM, which resulted in the client getting charged a higher fee by the product sponsor than what was negotiated previously by CWM for him, according to reports.
The client also says CWM’s investment advisory fees in general were “excessive,” according to reports.
Carson, who purportedly gave up his FINRA license at the end of January, is disputing the claim.
According to BrokerCheck the claim is the first against Carson since he left LPL Financial for Cetera Advisor Networks at the beginning of 2017.
According to Carson’s FINRA BrokerCheck report, he has two other customer disputes on his record dating back to 1982. Allegations include unsuitable recommendations, and another client accused Carson of failing to carry out an investment plan.
The White Law Group is investigating potential claims involving the liability Carson Wealth might have.
Broker dealers have a fiduciary duty to monitor all the business transactions of their employees. When a broker violates securities regulations and the broker dealer is found to be liable for negligent supervision, the firm can be on the hook for investment losses.
If you have suffered losses investing with former Carson Wealth Management financial advisor Ron Carson or believe you were overcharged, the securities attorneys at The White Law Group may be able to help you. Please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at www.whitesecuritieslaw.com.