Paul Dean Garnett— Private Security Transactions and Outside Business Activity without Proper Notice

Ponzi scheme attorneysPaul Dean Garnett Allegedly Participated in Private Security Transactions and an Outside Business Activity without Proper Prior Notice

Paul Dean Garnett, from 2011 to 2013, and while associated with Edward Jones, Garnett allegedly participated in private security transactions and an outside business activity without providing the required notice to Edward Jones, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Paul Dean Garnett allegedly participated in a private security transaction by organizing a private placement for SFG, an entity that was formed to acquire an interest in SFI, a helicopter medical evacuation business, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Paul Dean Garnett’s alleged participation in private security transactions and an outside business activity

Paul Dean Garnett Suspended and Fined $40 K by FINRA

Paul Dean Garnett allegedly was involved in when SFG later issued $2.5 million in securities to eight investors, including Garnett, and Garnett also invested a total of $140,000 in two private securities offerings, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Garnett also allegedly acted as statutory manager of SFG, conducted SFG business, executed contracts on behalf of SFG, and presided over an initial member meeting, the AWC notes.

As a result of the aforementioned behavior, Paul Dean Garnett allegedly violated NASD and FINRA Rules and hence, has been suspended by FINRA and fined $40,000, the AWC notes. One should also note that, according to the AWC, Paul Dean Garnett neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged participation in private security transactions and outside business activity, and are currently investigating Paul Dean Garnett’s for like behavior. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Paul Dean Garnett’s alleged participation in private security transactions and outside business activity may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1200 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.