Jeffrey Scot Nimmow of Chicago Illinois a stockbroker employed by Forest Securities Inc. has been discharged by the firm on March 6, 2018 based upon allegations that Nimmow (1) sold securities without being registered (2) failed to make required disclosures to the firm (3) failed to procure necessary customer account information prior to establishing an investment account and (4) failed to ascertain the suitability of customer transactions.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Nimmow has been identified in two additional customer initiated investment related disputes containing accusations of Nimmow’s misconduct during the time that he was registered with Forest Securities, Inc. Specifically, on February 28, 2018, a customer filed an investment related complaint involving Nimmow’s conduct in which the customer requested $450,000.00 in damages supported by allegations that between 2015 and 2017, promissory note and direct investment product transactions had been solicited by Nimmow, where those investment transactions were effected outside the firm’s auspices and had not been approved by the firm.

On March 5, 2018, another customer filed an investment related complaint regarding Nimmow’s activities where the customer sought $200,000.00 in damages founded on accusations that from August of 2017 to November of 2017, the customer was solicited by Nimmow to purchase investments in Woodbridge Group Companies away from Forest Securities Inc.

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