Public records published by the Financial Industry Regulatory Authority (FINRA) on June 10, 2016 indicate that New York-based Andrew Garrett broker Craig Forster has been the subject of numerous settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Forster (CRD# 2249161).
Craig Forster has spent 23 years in the securities industry and has been registered with Andrew Garrett Inc. in Rye Brook, New York since April 2015. Previous registrations include Clark Dodge & Company in White Plains, New York (2015); Oppenheimer & Company in New York, New York (2011-2015); Stifel Nicolaus in New York, New York (2007-2011); Ryan Beck & Company in New York, New York (2006-2007); Wachovia Securities in New York, New York (2003-2006); and Prudential Securities in New York, New York (1992-2003). He is a registered broker in Florida, New York, and Pennsylvania.
According to his BrokerCheck report, Craig Forster has received three customer complaints and two pending customer complaints.
In March 2016, a customer alleged Craig Forster, while employed at Oppenheimer & Company and Andrew Garrett, made unsuitable recommendations, committed fraud, breached contract, engaged in negligent supervision, and breached his fiduciary duty. The customer is seeking unspecified damages in the pending complaint.
In August 2015, a customer alleged Craig Forster, while employed at Oppenheimer & Company, executed unauthorized and unsuitable trades, breached his fiduciary duty, misrepresented material facts, converted funds, committed fraud, and breached contract. The customer is seeking damages exceeding $500,000 in the pending complaint.
In 2014, a customer alleged Craig Forster, while employed at Oppenheimer & Company, recommended unsuitable investments and executed unsuitable transactions. The complaint settled in 2014 for $160,000.
In 2011, a customer alleged Craig Forster, while employed at Stifel Nicolaus, recommended a “highly speculative” investment that caused losses. The complaint settled in 2011 for $15,000.
In 2009, a customer alleged Craig Forster, while employed at Stifel Nicolaus, churned the account and effected unsuitable transactions. The complaint settled in 2010 for $100,000, to which Mr. Forster individually contributed $40,000.
If you or someone you know has a complaint regarding Craig Forster, 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.