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Jazmin Carpenter Suspended by FINRA for Allegedly Maintaining Inaccurate Records

Jazmin Carpenter (CRD #: 2696872), a broker registered with Wedbush Securities Inc., was recently suspended by FINRA for allegedly maintaining inaccurate books and records. This is according to her BrokerCheck Record accessed on March 25, 2022. If you have concerns about Jazmin Carpenter’s conduct as a broker, keep reading.

On March 7, 2022, Jazmin Carpenter consented to the sanctions and to the entry of findings that she caused her member firm to maintain inaccurate books and records when she allegedly changed the representative code for 388 trades which ultimately resulted in Jazmin Carpenter receiving higher commissions from the trades.

FINRA Rule 4511 requires member firms and associated persons to “make and preserve books and records as required under the FINRA rules, the Exchange Act, and the applicable Exchange Act Rules.” Exchange Act Rule 17a-3(a)(8) requires member firms to make and keep “copies of confirmations of all purchases and sales of securities.” FINRA Rule 2010 requires members and their associated persons, in the conduct of their business, to “observe high standards of commercial honor and just and equitable principles of trade.”

FINRA Sanctions

Jazmin Carpenter consented to a fine of $2,500 and a ten-day suspension. You can find a copy of the FINRA Acceptance, Waiver, and consent agreement here.

Employment Termination

On November 13, 2020, MSSB fired Jazmin Carpenter following allegations that she submitted transactions using an inaccurate production number.

Background Information

Jazmin Carpenter has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

She is a registered broker in 13 states and is a registered investment adviser in 23 states.

Besides Wedbush Securities Inc., Jazmin Carpenter has also worked with Morgan Stanley (CRD #: 149777) and Citi Group Global Markets Inc. (CRD #: 7059).

Kurta Law Can Help

If you worked with Jazmin Carpenter and have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated on behalf of investors recovering their investment losses from stockbrokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors. We work on a contingency basis, which means that the firm only earns a fee if our securities attorneys recover money on your behalf. Reach out and we can tell you what steps to take to restore your lost funds.