Gary A. Forest – American Portfolio – Flint, Michigan
Have you suffered losses investing with Gary A. Forest in Flint, Michigan? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment
According to the Financial Industry Regulatory Authority (FINRA) on April 11, 2019, the regulator has barred former financial advisor Gary A. Forest from associating with any FINRA member at any time.
FINRA states in a Letter of Acceptance, Wavier & Consent, that between September 2016 and November 2016, Forest allegedly solicited investors to purchase promissory notes relating to the Woodbridge Group of Companies LLC, a purported real estate investment fund.
Forrest purportedly sold $826,986 in Woodbridge promissory notes to 15 investors, 13 of whom were American Portfolio customers. Forrest received $25,905 in commissions in connection with these transactions, according to FINRA. The Firm’s written supervisory procedures specifically required registered representatives to request and obtain approval prior to engaging in private securities transactions including the offer of promissory notes. Although Forrest sought approval to sell Woodbridge promissory notes, American Portfolio denied his request. Despite this denial, Forrest reportedly sold Woodbridge promissory notes while associated with the Firm.
According to his FINRA BrokerCheck Report, Forest was registered with American Portfolio Financial Services in Flint, MI for 9 years. He has 1 customer complaint listed on his broker record in August 2018. Allegations include “misrepresentation and unsuitable recommendation of fraudulent unregistered securities.”
For FINRA’s full findings see FINRA case number 2018059400801.
Investigating Potential Lawsuits
The White Law Group is investigating potential claims involving Gary A. Forest and the liability his former employers may have for failing to properly supervise him.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
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 Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including Michigan. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Gary A. Forest, the securities attorneys at The White Law Group may be able to help you.
For a free case evaluation or to discuss any other investment losses, please contact The White Law Group, at 888-637-5510, or visit us on the web at www.whitesecuritieslaw.com.
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 Franklin, Tennessee.Tags: FINRA arbitration, Gary A. Forest, Gary A. Forest American Portfolio, Gary A. Forest complaints, Gary A. Forest Flint Michigan, Gary A. Forest investigation, Gary A. Forest lawsuit, Gary A. Forest losses, Gary A. Forest Woodbridge, securities attorneys Last modified: April 12, 2019