Katherine Carter: American Century Advisor Lands $700K Complaint

Kansas City, Missouri financial advisor Katherine Carter (CRD# 2224156) allegedly made an unauthorized transaction, according to a recent investor complaint. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with American Century Investment Services.

Ms. Carter’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of American Century Investment Services, she purchased Alfi stock without the customer’s authorization. The pending complaint alleges damages of $700,000.

Investors should be aware that FINRA rules prohibit representatives like Ms. Carter from conducting securities transactions without authorization. FINRA Rule 3260, for example, describes certain conditions under which brokers can make discretionary trades, and forbids the use of discretion without the customer’s prior written authorization and the firm’s written acceptance of the account as discretionary. FINRA Rule 2010, meanwhile, requires brokers to “observe high standards of commercial honor and just and equitable principles of trade,” which generally means that they may not perform unauthorized transactions. Brokers who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, Katherine Carter holds 28 years of securities industry experience. Based in Kansas City, Missouri, she has been registered as a broker and an investment advisor with American Century Investment Services since 2001and 2017, respectively. Her credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. She holds 55 state licenses. (Information current as of July 6, 2024.)

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