Last Updated: February 2025 (Houston, TX)
National securities fraud lawyers at Patil Law, P.C. are investigating current Raymond James Financial Services broker Garry Martin (CRD #1362164) regarding allegations of improper account handling and unauthorized transactions causing significant tax consequences for clients.
The investigation stems from a recently filed customer complaint alleging serious misconduct in the handling of mutual fund accounts in December 2024, with claimed damages of $191,000.
Critical Insights About Houston Financial Advisor Garry Martin
- Advisor Name: Garry R. Martin
- CRD: 1362164
- Location: Houston, TX
- Current Employer: Raymond James Financial Services
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: 13810 Champion Forest, Suite 148, Houston, TX 77069
- Can Garry Martin be sued in FINRA arbitration: Yes
- Customer Disputes: One pending complaint
- Current Registrations: Licensed in 23 states
- Years of Experience: Since 1985
- Previous Employers: AG Edwards & Sons, Prudential Securities, Shearson Lehman Hutton
- Professional Qualifications: Series 7, 63, SIE, Series 3 licenses
- Business Name: Champion Forest Financial Advisors (DBA for Raymond James business)
- Current Status: Active with Raymond James Financial
Details Of Current Investigation
A customer complaint filed in December 2024 alleges:
- Improper account setup
- Unauthorized fund disbursements
- Incorrect account type selections
- Creation of taxable events
- Damages alleged at $191,000
- Potential violations of firm policies and industry regulations
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Account setup procedures
- Fund disbursement protocols
- Tax consequence management
- Client communication practices
- Account handling procedures
- Supervision of transactions
- Protection of client interests
Regulatory Framework And Investor Protection
SEC Regulation Best Interest mandates:
- Proper account setup
- Clear disclosure of tax implications
- Client consent for transactions
- Accurate recordkeeping
- Protection of client interests
- Compliance with firm procedures
Professional Background
Mr. Martin’s career includes:
- Entry into securities industry in 1985
- Multiple firm transitions over 38-year career
- Current position at Raymond James since 2005
- Investment adviser registration
- Multiple state licenses
- Supervisory experience
Red Flags For Investors
- Current pending customer complaint
- Substantial damage claim
- Tax-related allegations
- Account setup issues
- Fund disbursement concerns
- Authorization questions
- Client consent issues
- Documentation concerns
Implications For Current And Former Clients
Current and former clients should:
- Review all account documentation
- Verify account types and structures
- Examine account statements
- Check transaction histories
- Monitor account activity
- Document communications
- Review tax implications
- Assess portfolio changes
- Consider independent review
- Evaluate investment objectives
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about improper account handling or unexpected tax consequences in your account managed by Mr. Martin, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
