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Gary Forrest of American Portfolios Financial Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Gary Forrest formerly with American Portfolios Financial Services, Inc.?

Gary Forrest (CRD #1313782) who was formerly registered with American Portfolios Financial Services, Inc. and located in Flint, Michigan, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to American Portfolios Financial Services, Inc., Gary Forrest was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Gary Forrest has had his own regulatory problems. He was suspended and fined by FINRA for unapproved private securities transactions involving the sale of promissory notes totaling over $826,000 issued by Woodbridge Group of companies. In addition, he was the subject of a cease and desist order by the State of Michigan.

Gary Forrest Customer Complaints

Gary Forrest has been the subject of 2 customer complaints that we know about in the last year to recover investment losses.  Both customer complaints were settled in favor of the investors.

Allegations Against Gary Forrest

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Violations of federal and Michigan securities laws, breach of contract, common law fraud in breach of fiduciary duty related to the offer and sale of REIT investments.
  • Misrepresentation and unsuitable investment recommendations of a fraudulent unregistered securities investment.

Gary Forrest Red Flags & Your Rights As An Investor

Of course, Gary Forrest did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Gary Forrest at American Portfolios Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Gary Forrest has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at American Portfolios Financial Services, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At American Portfolios Financial Services, Inc. Due To Gary Forrest

If you have questions about American Portfolios Financial Services, Inc. and/or Gary Forrest and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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