CLAUS C. FOERSTER (CRD# 1912949)
was barred by FINRA for allegedly soliciting his clients to invest in a fictitious entity marketed by Foerster as an income-oriented investment, and converting those investments for his own personal use. Foerster converted approximately $3 million from clients.
FINRA's findings stated that Claus Foerster allegedly had clients move funds from their brokerage accounts to their personal accounts and write checks from their personal accounts to the entity. This entity was not an investment fund, but a bank account controlled by Claus Foerster.
FINRA's findings reported that Foerster also provided some clients with fictitious account statements and made monthly payments to two clients.
(FINRA Case #2014-041483401)
Claus Foerster, according to FINRA's BrokerCheck, was previously registered with the following securities firm(s):
Registered Dates Firm
02/2013 - 06/2014 RAYMOND JAMES & ASSOCIATES, INC. (CRD# 705) - GREENVILLE, SC
02/2008 - 02/2013 MORGAN KEEGAN & COMPANY, INC. (CRD# 4161) - GREENVILLE, SC
07/1997 - 02/2008 CITIGROUP GLOBAL MARKETS INC. (CRD# 7059) - SPARTANBURG, SC
03/1989 - 07/1997 J.C. BRADFORD & CO. (CRD# 1287) - NEW YORK, NY
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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