Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Garner (Garner), previously associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Garner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $130,000.00 on August 01, 2025.
Allegations pertain to an investment in an alternative product intended to be a small component of a larger diversified portfolio. Investment was purchased in 03/2020. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, allegations include unsuitable recommendation, breach of contract, breach of fiduciary duty, and negligence. LifeMark believes this to be a suitable and appropriate transaction given the information available at the time of the transaction, concerning the investment product as well as the clients’ financials, risk tolerance and objectives as represented by the clients.