Ami Kathryn Forte of Palm Harbor Florida is a stockbroker formerly registered with Morgan Stanley who is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice in which FINRA has determined that disciplinary action should be brought against Forte for possibly committing violations of FINRA Rules 2010 and National Association of Securities Dealers (NASD) Rules 2310 and 2510. Wells Notice No. 20160493213 (Jan. 25, 2018).
FINRA Public Disclosure reveals that Forte was terminated on March 23, 2016 supported by allegations that Forte, inter alia, failed to adhere to the firm’s policies or rules of the industry pertaining to trades effected in investment accounts on a discretionary basis.
FINRA Public Disclosure additionally confirms that a customer was awarded $34,387,777.97 in damages according to an investment related arbitration claim involving Forte’s activities, in which Forte was found liable on the customer’s claims of Forte having defrauded the customer, breached her fiduciary duties, negligently serviced the customer’s investment accounts, churned the customer’s investment portfolio, placed trades in the customer’s account without authorization, and executed financial and banking sector investments in the customer’s account that were not suitable for the customer. FINRA Arbitration No. 13-00549 (Mar. 21, 2016).
Forte has been associated with Pinnacle Investments, LLC since March 21, 2018.
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