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NY LIfe Securities Broker Mark Garrison Fined/Suspended

NY LIfe Securities Broker Mark Garrison Fined/Suspended

NY LIfe Securities Broker Mark Garrison Fined/Suspended 150 150 Rex Securities Law

August 2014-Easley, South Carolina

FINRA assessed a deferred fine of over $37,000 which included disgorgement of commissions to Mark Steven Garrison, a former broker with NY Life Securities, to resolve allegations that he participated in a private securities transaction without notifying his member firm’s approval.

According to FINRA Garrison participated in the sale of about $865,000 in a ‘Silver Program’ knows as Atlantic Bullion & Coin, an investment that was not approved by his firm and was determined to be a ponzi scheme. Garrison was suspended for 14 months.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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