Investor Dispute About John Forster

Investors have come forward with complaints about John James Forster (CRD: 1303832, Washington, DC). Evidently, the securities broker, who worked for Merrill Lynch Pierce Fenner Smith Incorporated, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Also, a Merrill Lynch Pierce Fenner Smith Incorporated client alleges that Forster failed to act in the client's best interest. For more on these disclosures about Forster, see below.

Forster Discloses Allegations By Merrill Lynch Pierce Fenner Smith Incorporated Client

Specifically, a client of Merrill Lynch Pierce Fenner Smith Incorporated contested John Forster’s sales practices, according to a complaint dated April 11, 2023. Allegedly, Forster failed to act in the client's best interest. Supposedly, Forster caused the client to sustain damages on variable annuities. Therefore, the client seeks compensatory relief from Merrill Lynch Pierce Fenner Smith Incorporated or Forster in the amount of $272,546 in this ongoing matter.

Morgan Stanley Smith Barney Investor Accused John Forster Of Unauthorized Trading

Evidently, on March 22, 2018, a Morgan Stanley Smith Barney client filed a complaint about John Forster. Namely, the client alleged that Forster engaged in unauthorized trading. Because of this, the client allegedly sustained damages on commodities. Therefore, the client requested compensation from Morgan Stanley Smith Barney or Forster. Particularly, this complaint is pending a resolution.

Forster Discloses Misrepresentation Allegations By Morgan Stanley Smith Barney Client

Specifically, a client of Morgan Stanley Smith Barney contested John Forster’s sales practices, according to a complaint dated August 23, 2011. Allegedly, Forster made misrepresentations concerning risks. Supposedly, Forster caused the client to sustain damages. Therefore, the client asked for compensatory relief from Morgan Stanley Smith Barney or Forster in this matter. However, the firm denied this complaint.

Citigroup Global Markets Inc. Investor Accused John Forster Of Mismanagement

Also, a Citigroup Global Markets Inc. client filed FINRA Arbitration: 09-06992 about John Forster. Namely, the client alleged that Forster mismanaged investment accounts. Because of this, the client allegedly sustained damages on stocks. Therefore, on February 23, 2011, Citigroup Global Markets Inc. settled this matter by paying the client $750,000 in damages.

Forster Discloses Poor Performance Allegations By Citigroup Global Markets Inc. Client

Specifically, a client of Citigroup Global Markets Inc. contested John Forster’s sales practices, according to a complaint dated December 9, 2004. Allegedly, Forster recommended investments which poorly performed. Supposedly, Forster caused the client to sustain damages on stocks. Therefore, the client sought compensatory relief from Citigroup Global Markets Inc. or Forster in this matter. However, the firm denied this complaint.

Forster Employment Information

• Forster has for Merrill Lynch Pierce Fenner Smith Incorporated in Washington, DC, as a securities broker and financial advisor since October 22, 2012.

Did Merrill Lynch Securities Broker John Forster Cause You To Experience Damages?

Did you suffer damages by investing with John Forster? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your 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. Forster and investment firms Forster worked for deny any and all allegations of sales practice violations.