According to FINRA, Carlton Perry Fletcher has been barred from association with any FINRA member in all capacities for refusing to provide information and documents requested during an investigation.

The investigation concerned allegations that Fletcher converted funds of an individual. Conversion means taking someone else's money or property for personal use without authorization - essentially theft.

When FINRA receives allegations of conversion, it investigates to determine whether funds were misappropriated and to protect other potential victims. Fletcher's refusal to cooperate prevented FINRA from completing its investigation into these serious allegations.

While the bar is based on the failure to cooperate rather than a finding of conversion, the underlying allegations are extremely serious. Conversion is one of the most harmful violations in the securities industry because it involves direct theft from customers.

Investors should monitor their accounts carefully, verify that all transactions were authorized, and report any suspicious activity immediately. If you believe a financial professional has misappropriated your funds, contact both the firm and FINRA. The refusal to cooperate in this case prevented a determination of whether conversion occurred, but the bar ensures Fletcher can no longer work in the industry.