Published On: August 12, 2015

Did you lose money with Patrick L. Garrett, formerly of Robert W. Baird & Co.? Stoltmann Law Offices is investigating allegations that Mr. Garrett verbally overstated the value of an account, which covered up trading losses. He also allegedly purchased shares of a company on behalf of a couple from another customer. The price was $3 above market value, resulting in a loss to the couple of $34,000.

Garrett was registered with Merrill Lynch in New York, New York from April 1990 until September 1994, Equitable Securities from August 1994 until September 1994, SunTrust Equitable Securities in Atlanta, Georgia from September 1994 until June 2000, Northwestern Mutual Investment Services in Milwaukee, Wisconsin from January 2002 until September 2002 and Robert W. Baird in Nashville, Tennessee from June 2000 until February 2014. He has two customer disputes against him. He is not currently licensed within the industry and the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting or otherwise associating with firms that sell securities to the public.

If you or someone you know invested money with Patrick L. Garrett, you may be entitled to recover your investment losses by suing his former firm, Robert W. Baird. Brokerage firms like Baird have a responsibility to adequately supervise all representatives who are registered through their firm. They also must take steps to ensure that brokers follow securities rules and regulations. If they fail to do so, they may be liable for losses sustained. Please call us at 312-332-4200 for a free consultation with an attorney. We are based in Chicago, Illinois.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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