ttention: Foresters Financial Services Discharges Brokers Ioulia Guerin, Richard Dismore
Foresters Equity Services, Inc. (CRD#: 18464, San Diego, California) is a Financial Industry Regulatory Authority (“FINRA”) member brokerage firm. Evidently, as of December 14, 2018, it is pending withdrawal as a Securities Exchange Commission (“SEC”) registered investment adviser. Apparently, the firm reports on FINRA BrokerCheck that regulators from Florida and Illinois have censured and fined the firm for regulatory infractions. Additionally, Foresters Equity Services has reportedly terminated brokers for violating firm policy and potentially harming customers. For example, take a look at the firm’s terminations of brokers Ioulia Guerin and Richard Dismore:
Foresters Equity Services, Inc. Discharges Broker Ioulia Guerin For Altering Customer Documents
Ioulia Guerin (CRD#: 6378536, Latham, New York), aka Julia Guerin, is a prior general securities representative and securities principal of Foresters Financial Services. Ioulia Guerin reportedly worked out of the firm’s Latham, New York offices from October 6, 2014 to March 9, 2017. Apparently, at the conclusion of an internal investigation, the firm discharged Ioulia Guerin for allegedly altering a Foresters Equity Services, Inc. customer’s account documents by placing the customer’s signatures on them after the customer completed the documents. Supposedly, Ioulia Guerin admitted to having impermissibly altered the customer’s documents. Because of this, Foresters Equity Services disaffiliated with her.
Foresters Equity Services Discharges Broker Richard Dismore Over Customer Disputes
Richard James Dismore (CDR#: 1920728, San Diego, California) is a prior registered representative of Foresters Equity Services. Evidently, he joined the firm on February 19, 2015. However, on October 5, 2015, the firm discharged Richard Dismore for violating company policy. First, Foresters Equity Services claimed that Richard Dismore failed to inform the firm about customers who complained about his sales practices. Second, he allegedly settled the customer disputes away from Foresters Equity Services. Third, Richard Dismore apparently failed to inform the firm about his use of sales and advertising literature. Supposedly, he never obtained the firm’s authorization to advertise investment-related services. Subsequently, on April 5, 2017, Richard Dismore became a registered representative of D.H. Securities, LLLP (Kingwood, Texas).
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