Advisor Alert: Our Attorneys Are Investigating Gary Arthur Forrest For Investment Fraud
Did You Lose Money Because of Gary Forrest?
Filed: January 16, 2024
Gary Forrest has been the subject of two (2) regulatory events and two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Gary Arthur Forrest.
Who Is Gary Arthur Forrest?
- Advisor Name: Gary Arthur Forrest
- Aliases: Gary Forrest
- CRD: 1313782
- Location: Flint, Michigan
- Current Employer: Currently Not Registered
- Previous Firms: American Portfolios Financial Services, Inc., Raymond James & Associates, Inc., and Roney & Co.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 2
- Can Gary Forrest Be Sued: Yes, in Private Arbitration
- Can Gary Forrest’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $96,514.07
If you have suffered investment losses by Gary Forrest, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Gary Forrest For Broker Misconduct
As of this publication date, Gary Forrest has been the subject of 2 regulatory events and 2 customer disputes. Let’s review them below.
In April 2020, a FINRA arbitration was filed against or in reference to Gary Forrest by multiple customers of American Portfolios Financial Services, Inc. alleging violations of Federal Securities Laws, violation of Michigan Uniform Securities Act, violation of Michigan Consumer Protection Act, breach of contract, common law fraud, breach of fiduciary duty, and negligence. Per the customers, they lost over $300,000 because of Mr. Forrest’s actions. On April 9, 2021, Mr. Forrest settled the claim for $96,514.07, and some or all of this amount may have been paid by Mr. Forrest’s employer and/or insurance carrier.
In April 2019, FINRA initiated a regulatory action against or in reference to Gary Forrest for engaging in unapproved private securities transactions involving the sale of promissory notes.
In August 2018, a FINRA arbitration was filed against or in reference to Gary Forrest by a customer of American Portfolios Financial Services, Inc. alleging misrepresentation and unsuitable recommendation of fraudulent unregistered securities. Per the customer, he/she lost over $100,001 because of Mr. Forrest’s actions. On April 9, 2021, Mr. Forrest settled the claim for $73,485.93, and some or all of this amount may have been paid by Mr. Forrest’s employer and/or insurance carrier.
In January 2018, Michigan initiated a regulatory action against or in reference to Gary Forrest for offering or selling twelve Woodbridge securities in the State of Michigan which were not federally covered, exempt from registration, or registered, in violation of section 301 of the Securities Act, MCL 451.2301.
How To File A Claim Against Gary Forrest (previously with American Portfolios Financial Services, Inc., Raymond James & Associates, Inc., and Roney & Co.) To Get Your Money Back
If you have questions about Gary Forrest, American Portfolios Financial Services, Inc., Raymond James & Associates, Inc., Roney & Co., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.