Carter, Terry & Company Inc.

12/24/2025: Since June 30, 2020, Carter Terry has failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with the Care Obligation of Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI) with respect to Unit Investment Trust recommendations. Carter Terry therefore violated FINRA Rules 3110 and 2010. Moreover, during the same period, Carter Terry has failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with the Care Obligation of Reg BI with respect to the same recommendations. Carter Terry therefore violated Reg BI and Rule 2010 by virtue of failing to comply with Reg BI’s Compliance Obligation. For these violations, the firm is censured, fined $75,000, ordered to pay $176,590.57 in restitution, and ordered to comply with an undertaking...

Reference 2023078794802data-portal.finra.orgfinra.org