Patrick L. Garrett , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he intentionally and knowingly misrepresented to a customer the value of her account by telling the customer that the account was worth about $200,000 more than the value shown on the monthly statement.
Garrett attempted to make the customer whole by misusing funds from the joint account of another customer, resulting in further losses.
AWC No. 2014040147501
Garrett was permanently barred from the securities industry.
According to FINRA records Garrett was registered with Robert W. Baird 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.
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