Investors Complain About Jeffrey Forehand

Investors have come forward with complaints about securities broker Jeffrey Brian Forehand (also known as Jeff Forehand) (CRD: 1618003, Myrtle Beach, South Carolina). Evidently, the securities broker, who worked for First Allied Securities Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, First Allied Securities Inc. clients allege that Forehand made unsuitable recommendations, breached a contract, was negligent, and failed to supervise certain representatives. For more on these disclosures about Forehand, see below.

Forehand Disclosed Unsuitable Advice Allegations By First Allied Securities Inc. Client

Specifically, a client of First Allied Securities Inc. contested Jeffrey Forehand’s sales practices by filing FINRA Arbitration: 21-00093. Allegedly, Forehand provided unsuitable advice, breached a contract, was negligent, and failed to supervise certain representatives. It appears that Forehand caused the client to sustain damages on real estate securities. Therefore, First Allied Securities Inc. opted to settle the matter on May 27, 2021, by compensating the client in the amount of $14,600.

Jeffrey Forehand Disclosed Unsuitable Advice Allegations By Linsco Private Ledger Corp. Client

Particularly, a client of Linsco Private Ledger Corp. contested Jeffrey Forehand’s sales practices, according to a complaint. Allegedly, Forehand made unsuitable recommendations. Supposedly, Forehand caused the client to sustain damages on variable annuities. Therefore, Linsco Private Ledger Corp. opted to settle the matter on July 18, 2003, by compensating the client in the amount of $20,500.

Linsco Private Ledger Corp. Investor Accused Forehand Of Unauthorized Trading

Also, on October 7, 2001, a Linsco Private Ledger Corp. client filed a complaint about Jeffrey Forehand. Namely, the client alleged that Forehand engaged in unauthorized trading. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $8,940 in compensation from Linsco Private Ledger Corp. or Forehand. However, the securities firm denied this complaint.

Jeffrey Forehand Disclosed Unsuitable Advice Allegations By Linsco Private Ledger Corp. Client

Specifically, a client of Linsco Private Ledger Corp. contested Jeffrey Forehand’s sales practices, according to a complaint dated April 26, 2001. Allegedly, Forehand provided unsuitable advice. Supposedly, Forehand caused the client to sustain damages on mutual funds. Therefore, the client requested compensatory relief from Linsco Private Ledger Corp. or Forehand in the amount of $15,258 in this matter. However, the securities firm denied this complaint.

Employment Information

Forehand worked for First Allied Securities Inc. as a securities broker from May 2008 to September 2022. He worked for First Allied Advisory Services Inc. as a financial advisor from January 2007 to November 2020. He has worked for Cetera Advisors LLC since September 2022 as a securities broker and Cetera Investment Advisers LLC since November 2020 as a financial advisor.

Did First Allied Securities Inc. Securities Broker Forehand Cause You To Experience Damages?

Sustained damages due to securities broker Jeffrey Forehand? If you have, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Forehand and brokerage firms Forehand worked for deny any and all accusations of sales-related misconduct.