Levert Caldwell, of Red Bank, New Jersey, a stockbroker formerly registered with National Securities Corporation, has been named in a customer initiated investment related arbitration claim on September 30, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Caldwell breached his fiduciary duty to the customer, churned the customer’s account, and effected unsuitable investment transactions.
FINRA Public Disclosure reveals that on December 19, 2014, a customer initiated investment related arbitration claim involving Caldwell’s conduct was settled for $325,000.00 in damages based upon allegations that Caldwell breached his fiduciary duty to the customer, and effected unsuitable investment transactions. Additionally, on January 12, 2015, a customer initiated investment related arbitration claim involving Caldwell’s actions was settled for $250,000.00 in damages based upon allegations that Caldwell effected unsuitable investment transactions in the customer’s account.
Since 2001, Caldwell has been associated with seven different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. Caldwell has been registered with First Standard Financial Company LLC since March of 2015.
Geoffrey Garratt, of Staten Island, New York, a stockbroker formerly registered with National Securities Corporation, has been subject to a customer initiated investment related arbitration action on January 12, 2015, which was settled for $250,000.00 in damages based upon allegations that Garratt effected unsuitable transactions in the customer’s account.
FINRA Public Disclosure reveals that another customer filed an investment related arbitration claim involving Garratt on February 28, 2015, in which the customer requested $10,000.00 in damages based upon allegations that Garratt effected trades in the customer’s investment account despite lacking requisite authorization.
Since 2006, Garratt has also been associated with four different broker dealers, two of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. Garratt has been registered with First Standard Financial Company LLC since March of 2015.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
