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Broker Complaints: Andrew Garrett, Inc. (CRD# 29931)

According to the Financial Industry Regulatory Authority (FINRA), New York-based brokerage/advisory firm Andrew Garrett Incorporated (CRD# 29931) is the subject of numerous regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding former Andrew Garrett Inc.

Formed in Delaware in 2006, Andrew Garrett Inc. is headquartered in New York, New York and is registered in 52 US states. Andrew Garrett Sycoff is Chief Executive Officer; Robert Nathan Schaffer is Chief Compliance Officer; James Robert Mitchell, Jr. is Chief Administrative Officer; Jannelle Lynn Cannizzaro-Fong is Chief Financial Officer; Mark Henry Maurer is Senior Compliance Officer. Securities are offered through RBC Correspondent Services, a division of RBC Capital Markets.

According to the firm’s BrokerCheck report, Andrew Garrett Inc. is the subject of thirteen regulatory sanctions.

In 2011 the New Jersey Bureau of Securities sanctioned Andrew Garrett Inc. following allegations the firm failed to reasonably supervise its agents. Andrew Garrett Inc. was issued a fine of $50,000.

In 2010 the State of Connecticut sanctioned Andrew Garrett Inc. following allegations the firm failed to reasonably supervise representatives who split commissions with an unregistered agent. Andrew Garrett Inc. was issued a fine of $20,000.

In 2008 the State of Missouri sanctioned Andrew Garrett Inc. following allegations the firm conducted securities business without registration in the state. Andrew Garrett Inc. was issued a fine of $15,000.

In 2008 the State of Missouri sanctioned Andrew Garrett Inc. following allegations the firm employed and failed to supervise an unregistered agent. Andrew Garrett Inc. was issued a fine of $9,500.

In 2006 the National Association of Securities Dealers (NASD) sanctioned Andrew Garrett Inc. following allegations the firm conducted securities business with less than its required minimum net capital. Andrew Garrett Inc. was issued a fine of $17,500.

In 2004 the National Association of Securities Dealers sanctioned Andrew Garrett Inc. following allegations, among others, the firm effected securities transactions with less than its required minimum net capital. Andrew Garrett Inc. was issued a fine of $7,500.

If you have lost money investing with Andrew Garrett Inc., call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover your losses. All cases are taken on contingency, which means we only get paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.