Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 17, 2018 indicate that DC-based Merrill Lynch broker/adviser John Forster has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Forster (CRD# 1303832).
John Forster has spent 33 years in the securities industry and has been registered with Merrill Lynch in Washington, DC since 2012. Previous registrations include Morgan Stanley in Washington, DC (2009-2012); Citigroup Global Markets in Washington, DC (1993-2009); Lehman Brothers in New York, New York (1988-1993); and EF Hutton & Company (1984-1988). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 12, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 28, 1984; Series 7 (General Securities Representative Examination), which he obtained on September 15, 1984; and Series 3 (National Commodity Futures Examination), which he obtained on May 11, 1984. He is a registered broker and investment adviser with 31 US states and territories.
According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and three denied customer complaints.
In March 2018 a customer alleged John Forster, while employed at Morgan Stanley Smith Barney, performed an unauthorized funds transfer to process commodity trades. The customer is seeking unspecified damages in the pending complaint.
In 2011 a customer alleged John Forster, while employed at Morgan Stanley Smith Barney, misrepresented risks associated with an investment strategy. The customer sought unspecified damages in the complaint, which was denied.
In 2009 a customer alleged John Forster, while employed at Citigroup Global Markets, mismanaged her account through a improper implementation of a margin balance and maintained an unsuitable asset allocation. The complaint settled in 2011 for $750,000.
In 2004 a customer alleged he, while employed at Citigroup Global Markets, recommended investments that lost money. The customer sought unspecified damages in the complaint, which was denied.
In 2001 a customer alleged he, while employed at Salomon Smith Barney, made unauthorized transactions. The customer sought $1,000,000 in damages in the complaint, which was denied.
If you or someone you know has lost money investing with John Forster, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.