Geoffrey Garratt of New York New York a stockbroker formerly employed by National Securities Corp is the subject of a customer initiated investment related arbitration claim where the customer was awarded $58,573.10 in damages based on Garratt being found liable on the customer’s causes of action including fraud and the breach of a fiduciary duty that Garratt owed to the customer during the period in which he was associated with National Securities Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03771 (Jan. 3, 2020).
According to the Award, a contract between the customer and the securities broker dealer had been breached. The Statement of Claim also alleged that misrepresentations had been made regarding VirnetX Holding Corporation common stock which caused the customer to experience losses.
FINRA Public Disclosure confirms that Garratt has been identified in two more customer initiated investment related disputes concerning accusations of his misconduct while he was employed with National Securities Corp. Garratt is referenced in a customer initiated investment related written complaint on February 18, 2015 in which the customer sought $10,000.00 in damages based upon allegations that unauthorized transactions were executed by Garratt in the customer’s account at National Securities Corp.
On May 10, 2016, another customer initiated investment related arbitration claim involving Garratt’s conduct was settled for $250,000.00 in damages founded on accusations that the customer was placed into unsuitable over-the-counter equities which had generated losses. FINRA Arbitration No. 15-00042.
Garratt has been registered with Spartan Capital Securities since January 10, 2018.