Options trading is the product at issue in a pending claim that names Kevin Forrest of Morgan Stanley. Forrest (CRD 5873266) is the broker on the disclosure. The claim is an unproven allegation, and no arbitrator has ruled on it.
Options trading is the product at issue in a pending claim that names Kevin Forrest of Morgan Stanley. Forrest (CRD 5873266) is the broker on the disclosure. The claim is an unproven allegation, and no arbitrator has ruled on it.
The claimant filed the claim on February 6, 2026, and BrokerCheck shows it as pending under docket 26-00254. It seeks $2,000,000. According to the disclosure, the claimant alleged that the financial advisor used an unsuitable options trading strategy.
BrokerCheck reports for Daniel Lee Becraft (CRD 2877734), Michael John Wagner (CRD 4465334) and Dejan Bucevski (CRD 5702545) list the same case number as Kevin Forrest's disclosure.
Before a customer can trade options, the brokerage firm has to approve the account for options trading. The firm collects the customer's experience, finances and objectives, then assigns an approval level. Firms also review the account as the strategy changes.
Lower levels allow covered calls and buying puts or calls. Higher levels allow spreads and uncovered writing, where losses can run far past the premium collected. Approval records often matter in an options claim like the one naming Kevin Forrest.
Options trades show up on monthly statements and trade confirmations. Each entry gives the strike price, the expiration date and the premium. A run of short-dated contracts, rolled again and again, stands out on paper. So does margin interest, because many options strategies use margin.
In options cases, we chart premiums and realized losses month by month. Claims of this type, including the one naming Kevin Forrest, usually rest on documents like these.
Claims by investors against brokers and their firms are almost always decided in FINRA arbitration, since the customer agreement sends them there instead of to court. A case begins when the investor files a statement of claim with FINRA. The brokerage firm and the broker then answer the claim in writing. The parties then choose a panel of one or three arbitrators by ranking and striking names on lists FINRA sends them. After that comes discovery, where each side exchanges account records and other documents. Many claims settle before a hearing is held. Those that do not are decided by the panel in a written award. FINRA makes arbitration awards public. A settlement is not published as an award, so its amount appears only on the broker's BrokerCheck report.
Brokerage firms have a duty to supervise the brokers who work for them. If Kevin Forrest handled your account and you have questions, Soreide Law Group can go over it with you. Call (888) 760-6552 or contact us online. Because these claims go to FINRA arbitration rather than a local court, we handle them for investors nationwide. We work on a contingency fee basis. Here is how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of November 11, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
Options trading is the product at issue in a pending claim that names Kevin Forrest of Morgan Stanley. Forrest (CRD 5873266) is the broker on the disclosure. The claim is an unproven allegation, and no arbitrator has ruled on it.
Morgan Stanley is the firm named in a pending customer arbitration against Maria Balkunas that seeks $1,251,843. Balkunas (CRD 5663648) is the broker on the disclosure. The claim's allegations are unproven, and no arbitrator has ruled on them.
March 2025 brought settlements in the newest customer disputes on Raul Benitez's BrokerCheck report, both at Truist Investment Services. Benitez (CRD 4457185) also has earlier settled disputes that name Suntrust Investment Services.
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