The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker John Forster. According to his publicly available FINRA BrokerCheck report, John Forster has been the subject of multiple customer disputes over the course of his career.
John Forster is a Washington DC based securities broker. He has worked in the securities industry for thirty-five years. During his career, he was registered with five different securities firms.
His Registrations
- E.F. Hutton & Company (1984-1988)
- Lehman Brothers (1988-1993)
- Citigroup Global Markets (1993-2009)
- Morgan Stanley (2009-2012)
- Merrill Lynch (2012-Present)
The Allegations
- In December 2009, a customer alleged that John Forster mismanaged her account through the improper implementation of a margin trading. The customer also alleged that Forster maintained an unsuitable asset allocation in her account. This case was settled for $750,000 in damages.
- In September 2011, a customer alleged that the risks associated with the investment strategy that Forster had placed them in had been misrepresented.
- In March 2018, a customer alleged that he did not authorized the transfer of funds to process commodity trades.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with John Forster, please contact Oakes & Fosher for a free and private consultation.
