Publicly available records provided by the Financial Industry Regulatory Authority on May 16, 2016 indicate that California-based Larson Financial Securities broker/adviser Forrest Friedow has been the subject of settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Friedow.
Forrest Friedow has spent 14 years in the securities industry and has been registered with Larson Financial Securities in Century City, California since 2011. Previous registrations include CRI Securities in Madison, Wisconsin (2001-2011) and Securian Financial Securities in Madison, Wisconsin (2001-2011). He is a registered broker and investment adviser in 24 US states and territories.
According to his BrokerCheck report, Forrest Friedow has received one customer complaint and one pending customer complaint.
In 2015, a customer alleged that Forrest Friedow, while employed at Larson Financial Securities, recommended an unsuitable variable annuity policy. The complaint settled for $24,000, to which Mr. Friedow individually contributed $1,800.
In 2014, a customer alleged that Forrest Friedow, while employed at Larson Financial Securities, breached his fiduciary duty, acted negligently, committed fraud, and engaged in unjust enrichment. The customer is seeking $550,000 in damages in the pending complaint.
According to FINRA rules and federal securities law, investment professionals like Forrest Friedow are beholden to a fiduciary duty that requires them to act only in the best interests of their clients. This means, for instance, that they can only recommend suitable investments that take into account the client’s investment goals, experience, and risk tolerance. Firms are not permitted to misrepresent or omit material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has a complaint regarding Forrest Friedow, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.