{"id":2810,"date":"2016-02-22T00:00:00","date_gmt":"2016-02-22T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-bars-patrick-garrett-amid-allegations-of-overstating-account-values\/"},"modified":"2017-07-27T14:21:24","modified_gmt":"2017-07-27T18:21:24","slug":"finra-bars-patrick-garrett-amid-allegations-of-overstating-account-values","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-bars-patrick-garrett-amid-allegations-of-overstating-account-values\/","title":{"rendered":"FINRA Bars Patrick Garrett Amid Allegations of Overstating Account Values"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2469\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Bars-Patrick-Garrett-Amid-Allegations-of-Overstating-Account-Values.jpg\" sizes=\"auto, (max-width: 389px) 100vw, 389px\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Bars-Patrick-Garrett-Amid-Allegations-of-Overstating-Account-Values.jpg 1698w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Bars-Patrick-Garrett-Amid-Allegations-of-Overstating-Account-Values-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Bars-Patrick-Garrett-Amid-Allegations-of-Overstating-Account-Values-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Bars-Patrick-Garrett-Amid-Allegations-of-Overstating-Account-Values-1024x682.jpg 1024w\" alt=\"FINRA Bars Patrick Garrett Amid Allegations of Overstating Account Values on silverlaw.com\" width=\"389\" height=\"259\" \/><\/p>\n<h2>Financial advisor Patrick Garrett barred from having any activity with FINRA regulated firms<\/h2>\n<p style=\"text-align: justify;\">The <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.finra.org\/\"  rel=\"noopener\" target=\"_blank\">Financial Industry Regulatory Authority<\/a><\/span> (FINRA) has taken steps to bar Patrick Garrett of Nashville, TN from any further activities with the securities industry after multiple, serious allegations of intentionally overstating client account values, which masked significant trading losses for that client.<\/p>\n<p style=\"text-align: justify;\">According to his <span style=\"text-decoration: underline;\"><a href=\"https:\/\/brokercheck.finra.org\/Individual\/Summary\/2045288\"  rel=\"noopener\" target=\"_blank\">FINRA report<\/a><\/span>, Garrett was dishonest about the amount in the client\u2019s account, indicating that the balance was actually $200,000 higher than its actual value.\u00a0He allegedly tried to rectify this discrepancy by misusing funds from a joint account held by a married couple.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-patrick-garrett-amid-allegations-of-overstating-account-values\/\"  title=\"Continue Reading FINRA Bars Patrick Garrett Amid Allegations of Overstating Account Values\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial advisor Patrick Garrett barred from having any activity with FINRA regulated firms The Financial Industry Regulatory Authority (FINRA) has taken steps to bar Patrick Garrett of Nashville, TN from any further activities with the securities industry after multiple, serious allegations of intentionally overstating client account values, which masked significant trading losses for that client. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[605],"tags":[393],"class_list":["post-2810","post","type-post","status-publish","format-standard","hentry","category-finra-regulatory-notice","tag-overstating-account-values"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Bars Patrick Garrett Amid Allegations of Overstating Acco.. \u00a0<\/title>\n<meta name=\"description\" content=\"(FINRA) has taken steps to bar Patrick Garrett of Nashville, FINRA Bars Patrick Garrett Amid Allegations of Overstating Account Values on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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