William Carlton pleads guilty in cherry-picking scheme case

The release describes William Carlton as an investment adviser to more than 50 clients every year.

The Justice Department announced the guilty plea on Sept. 17, 2026.

According to the Justice Department:

"From at least in or about January 2015, up to and including at least in or about August 2022, CARLTON engaged in cherry-picking, systematically assigning profitable trades to himself and unprofitable trades to his clients."

Primary source

Justice Department press release on William CarltonPosted Sept. 17, 2026View on justice.gov ↗

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Review: 2 independent AI reviewers approved this story on Sept. 29, 2026.