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Garrett Mayhart Allegedly Executed Unauthorized Stock Transactions

May 16, 2023 Unauthorized Trading

Garrett Mayhart (CRD #: 6966625), a broker registered with MML Investors Services, allegedly executed unauthorized transactions, according to his BrokerCheck record, accessed on May 11, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On April 14, 2023, an investor filed a dispute alleging that Garrett Mayhart executed unauthorized purchases and sales of stock starting in approximately 2022. The client further alleges that Garrett Mayhart failed to disclose certain fees. This dispute is currently pending.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which restricts brokers from engaging in discretionary trading outside of pre-approved accounts. Both the firm and the client must approve an account before discretionary trading can occur.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s requirements, risks, fees, or limitations.

Background Information

Garrett Mayhart has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 6TO – Investment Company Products/Variable Contracts Representative Examination
  • SIE – Securities Industry Essentials Examination

Garrett Mayhart is a registered broker in Delaware, Florida, Maryland, New Jersey, and Pennsylvania. He is also a registered investment adviser in Delaware.

Kurta Law Can Help

If you worked with Garrett Mayhart and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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