FINRA Issues Fine To James Garraway

Soreide Law Group is currently investigating potential claims on behalf of investors who have incurred losses due to James Floyd Garraway III (also known as Trey Garraway) (CRD: 7132872, Hattiesburg, Mississippi). Garraway worked for Thrivent Investment Management Inc. from November 15, 2019, to January 12, 2022. Specifically, FINRA sanctioned him for alleged forgery and record-keeping violations, which resulted in a fine and a temporary suspension. Additionally, Thrivent Investment Management Inc. disaffiliated with Garraway on December 20, 2021, over policy violations related to e-signatures on various financial products.

FINRA Sanctioned Garraway For Forgery And Record-Keeping Violations

Evidently, on July 26, 2023, FINRA issued Case: 2022073783401 sanctioning James Garraway for infractions. Allegedly, Garraway electronically signed client names on approximately 101 forms associated with insurance and securities products without the clients' consent. Moreover, Garraway signed a document for a client with the client's permission. Consequently, Garraway caused his employing firm, Thrivent Investment Management Inc., to maintain inaccurate records.

In the case about Garraway, the sanction included a fine of $5,000 and a six-month suspension, effective from August 7, 2023, to February 6, 2024.

Thrivent Investment Management Inc. Disaffiliated With Garraway For Policy Violation

Also, on December 20, 2021, Thrivent Investment Management Inc. disaffiliated with Garraway. Particularly, Thrivent alleged that Garraway failed to collect authentic signatures on certain client documents over e-signature related to fixed annuities, insurance products, and mutual fund products.

Garraway's statement suggests that he was trying to accommodate clients' difficulties with technology during the pandemic. He purportedly obtained verbal consent for signing the documents after reviewing them with clients over phone or video calls.

Contact Soreide Law Group If You've Suffered Losses Due To James Garraway

Did you experience losses because of James Garraway? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Garraway and brokerage firms he worked for deny accusations of sales practice violations.