August 4, 2015
Patrick Landon Garrett, of Franklin, TN , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he verbally misrepresented to a customer the value of her account. He also is alleged to have misused customer funds and falsified firm documents in an effort to recover some of the losses in a customer account.
According to FINRA, on multiple occasions from 3/2013-12/2013 Garrett intentionally and knowing misrepresented the value of the account by not telling the customer about losses and misrepresenting that the value was $200,000 more than it was. He told the customer that her printed and online statements were inaccurate because of settlement date issues.
Garrett was barred from the securities industry. According to FINRA records Garrett was registered with Robert W. Baird & Co. from 6/2000-2/2014.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are 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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