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WARNING! Impending Investigation: PAUL GARNETT and EDWARD JONES

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15
Dec

WARNING! Impending Investigation: PAUL GARNETT and EDWARD JONES

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WARNING!  Impending Investigation:  PAUL GARNETT and EDWARD JONES

Paul Garnett and Edward Jones

 

Have you lost money with financial advisor Paul D. Garnett of Beatrice, Nebraska?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Paul Garnett. FINRA suspended Garnett from the securities industry for one year for selling investments in a helicopter medical evacuation company (Medevac) that was not approved by his brokerage firm at the time, Edward Jones.

 

FINRA alleged that Paul Garnett recommended that his clients, including some who were also Edward Jones clients, invest in Survival Flight Group LLC, an Iowa-based Medevac company.  Garnett was also a “manager” of Survival Flight Group, according to documents filed with the Securities and Exchange Commission (SEC).  Survival Flight Group sold at least $2.5 million in investments to eight investors, including Garnett himself.  However, it was alleged that Garnett failed to disclose his sales of Survival Flight Group to Edward Jones prior to making these recommendations, in violation of FINRA Rules.  To settle these allegations, FINRA suspended Paul Garnett for one year and fined him $40,000.

 

Paul Garnett was a financial advisor and registered representative of Edward Jones from 1975 to July 2013.  He also worked with Securities America from August 2013 to October 2015.  He worked at a branch office in Beatrice, Nebraska.

 

Brokerage firms like Edward Jones have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Nebraska and Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.

 

Click to view:  Garnett FINRA AWC

Click to view:  Garnett BrokerCheck 12.14.15

 

HAVE YOU LOST MONEY WITH PAUL GARNETT or EDWARD JONES?    

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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