Last Updated: October 2025 — Saint Augustine, FL
Here’s what you need to know about Saint Augustine, FL stockbroker Raymond N. Garner:
- Name: Raymond Noel Garner.
- Current Employer: Not currently registered with a FINRA-member broker-dealer.
- Prior Firms: LifeMark Securities Corp. (11/2018–07/2020; Saint Augustine, FL); Foresters Equity Services, Inc. (11/2010–11/2018; San Diego, CA); Sammons Securities Company, LLC (04/2006–11/2010; Saint Augustine, FL); Jefferson Pilot Securities Corp. (02/2004–04/2006; Fort Wayne, IN); Compass Brokerage, Inc. (08/2001–10/2003; Birmingham, AL); Capital Analysts, Inc. (06/1995–08/2001; Cincinnati, OH); PML Securities Company (07/1994–01/1996; Newark, DE); Covenant Securities, Inc. (06/1986–11/1994; Newark, DE).
- Other Business Affiliations: Ray Garner & Associates — Independent Insurance Agent since 08/2003; address listed as 135 Jenkins Street, Suite 105B-#340, Saint Augustine, FL 32086 (life, health, LTC, disability insurance, and fixed annuities).
- CRD number: 1489704.
- Stockbroker / Financial Advisor: Former FINRA-registered broker; not currently registered. Exams passed include SIE (10/01/2018), Series 7 (10/20/1997), Series 6 (06/13/1986), and Series 63 (06/13/1986). Holds the Chartered Financial Consultant designation.
- Can Broker be Sued in FINRA: Yes — a pending FINRA arbitration was filed in 2025 (see below).
- Current Customer Dispute Seeks Total Damages of: $130,000 plus punitive damages, fees, interest and costs (FINRA Arbitration).
If you’ve sustained damages from Mr. Garner, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Raymond N. Garner As Your Stockbroker?
A pending FINRA arbitration (Case No. 25-01512) was filed July 24, 2025 and reported received August 1, 2025, naming LifeMark Securities Corp. as the employing firm when the activities occurred. The dispute concerns an alternative product/corporate debt investment purchased in March 2020 that later suffered losses after the issuer filed Chapter 11 bankruptcy. Allegations include unsuitable recommendation, breach of contract, breach of fiduciary duty, and negligence. The claim seeks $130,000 in compensatory damages plus punitive damages, fees, interest, and costs.
Prior written complaint (closed/no action/denied): A customer alleged in September 2007 that a $275,000 equity-indexed annuity sold in March 2003 carried undisclosed surrender charges; after surrendering in August 2007, the customer claimed about $70,000 in surrender charges/interest adjustments. The firm noted the transaction was “selling away” (outside the firm) and closed the matter with no action/denied.
Allegations of Broker Misconduct Against Raymond N. Garner
- Unsuitability — Recommendations must align with a customer’s investment profile under FINRA Rule 2111 (Suitability); for retail customers, SEC Regulation Best Interest (Exchange Act Rule 15l-1) imposes a best-interest standard for recommendations.
- Breach of Fiduciary-Type Duties / Best-Interest Obligations — As alleged in the 2025 filing, recommending risky, illiquid, or bankruptcy-prone issuers can implicate Reg BI’s Care and Disclosure Obligations.
- Breach of Contract / Negligence — Failure to exercise reasonable care or comply with client agreements can support these claims.
- Private Securities Transactions (“Selling Away”) — The 2007 matter included a firm statement characterizing the annuity sale as selling away, which can implicate FINRA Rule 3280 (Private Securities Transactions) and FINRA Rule 3270 (Outside Business Activities) when conducted without proper notice/approval.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Raymond Noel Garner, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.