John Gerard Forrester Jr. of Boca Raton Florida a stockbroker currently registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $55,000.00 in damages supported by allegations that (1) the customer’s account was handled in a negligent manner (2) contractual obligations had been breached and (3) fiduciary obligations were violated in reference to the alternative investments that Forrester sold when he was associated with Newbridge Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00771 (Apr. 16, 2019).
FINRA Public Disclosure confirms that Forrester has been identified in three additional customer initiated investment related disputes containing accusations of the stockbroker’s violative conduct while employed with securities broker dealers including Wasserman Associates Inc. and Prudential Securities. Specifically, Forrester is referenced in a customer initiated investment related arbitration claim which was settled for $30,000.00 in damages founded on allegations that transactions executed in the customer’s account were inappropriate and unsuitable; and misrepresentations had been made by the stockbroker concerning limited partnership interests and corporate debt products purchased by the customer during the period in which Forrester was employed by Prudential Securities.
Forrester is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $159,650.00 in damages based upon the stockbroker being found liable on the customer’s claims of Eaton Vance High Income Fund, VKM Strategic Income Fund and Krupp Securities transactions being inappropriate and resulting in trading losses. Another customer who filed an investment related arbitration claim that pertained to Forrester’s conduct received an award of $108,315.02 in damages based upon Forrester being found liable on the customer’s causes of action including negligence, breach of contract, misrepresentation, fraud, and violation of Maryland Securities Act in reference to the stocks Forrester traded in the customer’s account which caused the customer to suffer unwarranted losses.
