Eric Edwin Carver (CRD #7980470) Has an Employment Separation and Financial Disclosures on FINRA BrokerCheck

Eric Edwin Carver (CRD #7980470) was previously registered as a broker. We reviewed his BrokerCheck report on March 19, 2026. It reflects one employment separation disclosure and two financial disclosures. If you worked with Eric Carver and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Eric Carver’s FINRA BrokerCheck report reflects one employment separation disclosure. A summary of the disclosure is below:

Eric Carver’s FINRA BrokerCheck report states that MWA Financial Services, Inc. discharged him on January 12, 2026. The disclosure says the firm was conducting an internal review of business practices and outside activities when it detected activity indicating possible rebating on an insurance policy. The product type is listed as insurance.

Financial Disclosures

Eric Carver’s FINRA BrokerCheck report reflects two financial disclosures. Summaries of both disclosures are below:

Eric Carver’s FINRA BrokerCheck report states that he filed a Chapter 7 bankruptcy on April 13, 2017. The report lists the matter as discharged on July 28, 2017, in the United States Bankruptcy Court in Jacksonville, Florida.

Eric Carver’s FINRA BrokerCheck report also states that a compromise with Discover Bank was filed on August 12, 2024. The report lists a payment plan dated September 13, 2024. It states the original amount owed was $16,423.08 and the total to pay was $10,000.

Rule Summary #1: FINRA Rule 3270 (Outside Business Activities of Registered Persons)

FINRA Rule 3270 requires registered persons to give written notice before outside business activities that fall outside the firm relationship. When a disclosure mentions outside activities, this rule is often relevant because firms are expected to review and supervise that conduct.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Employment separations and other disclosure events can raise questions about whether conduct met that standard.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Eric Carver:

Was previously registered with MWA Financial Services Inc.

Has passed the Securities Industry Essentials (SIE) exam. Eric Carver has also passed Series 6TO and Series 63.

No other prior securities firm registrations are listed in the report.

Kurta Law Can Help

If you have worked with Eric Carver and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.