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Investor Alleges John Forrester Engaged in Fraud

Jul 26, 2023 Negligence

John Forrester (CRD #: 728188), a broker registered with Newbridge Securities, allegedly engaged in fraud, according to his BrokerCheck record, accessed on July 19, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On May 30, 2023, an investor alleged that John Forrester engaged in fraud and negligence. The client further alleged that he breached his contract. They seek $200,000 in damages in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What is broker negligence?

Brokers may act in many negligent ways. Common examples include misrepresentations or omissions of fact and failure to conduct due diligence.

Investors who believe their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration. 

Background Information

John Forrester has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

John Forrester is a registered broker in 16 states and the Virgin Islands.

He has also worked for the following firms:

  • Wasserman & Associates (CRD#:45085)
  • Thos. K. Wasserman & Associates (CRD#:27826)
  • Dean Witter Reynolds (CRD#:7556)
  • Prudential Securities (CRD#:7471)
  • Thomson McKinnon Securities (CRD#:829)
  • Richardson Greenshields Securities (CRD#:3178)
  • Arch W. Roberts & Company (CRD#:7140)
  • Cralin & Company (CRD#:7605)
  • Fittin, Cunningham & Lauzon (CRD#:6866)
  • Herzfeld & Stern (CRD#:406)

Kurta Law Can Help

If you worked with John Forrester and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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