John Gerard Forrester Jr., of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Forrester breached his fiduciary duties, committed fraud, was negligent, and breached contract in connection with the sale of GWG products during the time that Forrester was associated with Newbridge Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-01564 (May 26, 2023).
Public Disclosure reveals that Forrester has been identified in three other customer initiated investment related disputes containing allegations of his conduct while he was employed with securities broker dealers. On December 18, 2009, a customer initiated investment related FINRA securities arbitration claim involving Forrester’s conduct resulted in the customer being awarded $108,315.02 in compensatory damages because Forrester and Dean Witter Reynolds Inc. were held liable for sales practice violations. FINRA Arbitration No. 09-01281. The Statement of Claim alleged failed to supervise, negligence, unsuitable recommendations, and breach of fiduciary duty.
Forrester was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Forrester breached a contract, breached his fiduciary duties, and was negligent in connection with the sale of alternative investments when Forrester was associated with Newbridge Securities Corporation. FINRA Arbitration No. 19-00771 (December 10, 2019).
Forrester has been associated with Newbridge Securities Corporation in Boca Raton, Florida since January 27, 2010.
