James N. Forster II, of New York, New York, a stockbroker formerly registered with Joseph Gunnar & Co., LLC, has been subject to a customer initiated investment related arbitration claim on March 24, 2016, which was settled for $7,500.00 in damages based upon allegations that Forster traded in the customer’s investment account without authorization.
FINRA Public Disclosure reveals that Forster has been subject to three additional customer arbitration claims. Particularly, on July 27, 1999, a customer initiated investment related arbitration claim involving Forster’s actions was settled for $34,990.00 in damages based upon allegations that Forster committed violations of The Colorado Securities Act, breached his contractual and fiduciary duties, effected unsuitable investment transactions in the customer’s account, traded in the customer’s account without authorization, and committed fraud.
Additionally, on March 23, 2000, a customer filed an investment related arbitration claim involving Forster’s actions, in which the customer requested $360,000.00 in damages based upon allegations that Forster effected trades in the customer’s account without requisite authorization. On April 16, 2013, another customer initiated investment related arbitration action involving Forster’s conduct was resolved for $97,500.00 in damages based upon allegations that Forster violated state securities laws, and breached his contractual duties to the customer.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
