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Tyler Forbes Allegedly Engaged in Misconduct Involving a U.S. Treasury Note

Tyler Forbes (CRD #: 6503609), a former broker previously registered with Bofa Securities, is the subject of a FINRA investigation, according to his BrokerCheck record, accessed on September 8, 2021. If you have concerns about Tyler Forbes’ conduct as a broker, keep reading.

On July 27, 2021, FINRA made a preliminary determination to recommend disciplinary action. According to FINRA, Tyler Forbes entered a large, non-bonafide order to buy or sell a U.S. Treasury Note into an electronic trading system, while simultaneously entering a smaller, bonafide order on the opposite side of the market. He allegedly did this in order to create the false appearance of market activity, in order to receive a more favorable execution for his bonafide order.

Tyler Forbes has also been fired. On August 22, 2019, Merrill Lynch, Pierce, Fenner & Smith fired Tyler Forbes following allegations that he failed to observe the firm’s trading policy.

Tyler Forbes Background Information

Tyler Forbes has passed the following exams:

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

Tyler Forbes has worked with the following firms:

  • Bofa Securities (CRD #: 283942)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)

Kurta Law Can Help

If you worked with Tyler Forbes and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.

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