{"id":9282,"date":"2020-08-26T12:13:38","date_gmt":"2020-08-26T16:13:38","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9282"},"modified":"2020-08-26T12:13:38","modified_gmt":"2020-08-26T16:13:38","slug":"sec-charges-michael-barry-carter-with-fraud-for-stealing-millions-from-clients","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-charges-michael-barry-carter-with-fraud-for-stealing-millions-from-clients\/","title":{"rendered":"SEC Charges Michael Barry Carter With Fraud For Stealing Millions From Clients"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9231 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/08\/StealSmall.jpg\" alt=\"The Securities and Exchange Commission (SEC) has charged former Morgan Stanley broker Michael Barry Carter with fraud for stealing from his customers, including an elderly client.  The complaint filed by the SEC alleges that Carter, a currently-barred broker who was last registered with Morgan Stanley in their McLean, Virginia office, made dozens of unauthorized wire transfers from his client\u2019s accounts to his personal bank account, which amounted to millions of dollars. It is alleged that Carter falsified documents to make the transfers and made unauthorized sales of client\u2019s securities.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/08\/StealSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/08\/StealSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Securities and Exchange Commission (SEC) has charged former Morgan Stanley broker Michael Barry Carter with fraud for stealing from his customers, including an elderly client.<\/p>\n<p>The <a href=\"https:\/\/www.sec.gov\/litigation\/complaints\/2020\/comp-pr2020-158.pdf\" target=\"_blank\">complaint filed by the SEC<\/a> alleges that Carter, a currently-barred broker who was last registered with Morgan Stanley in their McLean, Virginia office, made dozens of unauthorized wire transfers from his client\u2019s accounts to his personal bank account, which amounted to millions of dollars. It is alleged that Carter falsified documents to make the transfers and made unauthorized sales of client\u2019s securities. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-charges-michael-barry-carter-with-fraud-for-stealing-millions-from-clients\/#more-9282\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) has charged former Morgan Stanley broker Michael Barry Carter with fraud for stealing from his customers, including an elderly client. The complaint filed by the SEC alleges that Carter, a currently-barred broker who was last registered with Morgan Stanley in their McLean, Virginia office, made dozens of unauthorized wire [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[583,580],"tags":[],"class_list":["post-9282","post","type-post","status-publish","format-standard","hentry","category-sec-actions","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Charges Michael Barry Carter With Stealing Millions From Clients<\/title>\n<meta name=\"description\" content=\"The SEC has charged former Morgan Stanley broker Michael Barry Carter with fraud for stealing from his customers, including an elderly client.\" \/>\n<meta name=\"robots\" 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