Charles Caleb Fackrell, a former investment adviser, allegedly misled 20 individuals to invest $1.4 million in various phony investments that he was selling. Fackrell instead used most of the money on himself. The Financial Industry Regulatory Authority (FINRA) barred him from the industry after he entered into a Letter of Acceptance, Waiver and Consent (AWC) with them. Fackrell was associated with Morgan Stanley in Winston-Salem, North Carolina from August 2007 until February 2008, SunTrust Investment Services in Yadkinville, North Carolina from July 2008 until December 2009, Wells Fargo in High Point, North Carolina from December 2009 until June 2010 and LPL Financial in Yadkinville from June 2010 until December 2014. He has seven customer disputes against him, six of which are currently pending. Please call us for more information regarding your options regarding Charles Caleb Fackrell and ponzi scheme losses.
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