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September 15, 2014
Former South Carolina Raymond James Broker Barred by FINRA for Converting over $3 Million in Client Funds

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 […]

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