UPDATE: Have You Lost Money With GARY FORREST in Flint, Michigan?
Have you lost money with financial advisor Gary Forrest of American Portfolios Financial in Flint, Michigan?
The law firm of Israels & Neuman is looking into allegations made by FINRA (the Financial Industry Regulatory Authority), against Gary Forrest. FINRA suspended Forrest from the securities industry for 10 months and fined him $5,000. FINRA was investigating Forrest regarding allegations that he sold investments in Woodbridge Mortgage Investment Funds. The Woodbridge investments went bankrupt, causing severe losses for investors.
Gary A. Forrest was a financial advisor and registered representative of American Portfolios Financial Services from 2007 to November 2016. He worked at offices in Flint, Michigan. Forrest also was affiliated with Forrest Financial.
BROKERAGE FIRMS AND SUPERVISION
Brokerage firms like American Portfolios Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
CAN YOU GET YOUR MONEY BACK?
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan. Attorney Aaron Israels is a contributing member of PIABA (The Public Investors Arbitration Bar Association and is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area. We have also represented a number of victims who had their money stolen by Michigan brokers, including Christopher Tolmacs. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.
Click to view: Gary Forrest BrokerCheck
Click to view: Gary Forrest FINRA AWC
Related Article: WOODBRIDGE PONZI SCHEME VICTIMS: Options to Recover Your Money
If you lost money with Gary Forrest, or American Portfolios Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.