September 15, 2017 Comments (0) Blog, Current Investigations, Securities Fraud

FINRA Bars Former CT Advisor William Garbarino

William Garbarino
(Last Updated On: September 15, 2017)

William Garbarino Barred after Lincoln Financial fires him for allegedly false testimony

According to The Financial Industry Regulatory Authority Inc. William Garbarino, a former financial advisor of Lincoln Financial in Danbury, CT, has been permanently barred from the securities industry. Garbarino allegedly gave false testimony during a FINRA arbitration that customer signatures on annuity documents had not been photocopied.

In April of this year, Lincoln Financial reportedly discharged Garbarino for providing false testimony under oath, among other infractions. His broker reports states “FINRA made a preliminary determination to pursue disciplinary action against the representative in connection with FINRA’s allegations that he provided false testimony under oath.”

According to FINRA, during an arbitration in May 2013, Garbarino falsely testified that a member of his office staff had not photocopied and reused customer signatures to create annuity company change of broker forms, and that each of the customer signatures contained in a sample of those forms was authentic and non-identical.

FINRA alleges at the time of the testimony, Garbarino purportedly knew that the forms had been falsified.

According to his FINRA BrokerCheck report, prior to his termination Garbarino had been registered with Lincoln Financial in Danbury, CT since 2009. He has five disclosure events listed on his broker report.

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This information, which is publicly available on the Financial Industry Regulatory Authority’s website, has been provided by The White Law Group.

If you have questions or concerns about investments you made with William Garbarino, the securities attorneys of The White Law Group may be able to help you.  To speak with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, and its representation of investors, please visit our website at http://www.whitesecuritieslaw.com.