The former customer is seeking over $300k in damages.
Forrest Jones (CRD#: 4880765) was registered as a broker with Merrill Lynch in Conroe, Texas, from December 2018 until November 2020. On October 13, 2020, Jones was discharged from Merrill Lynch based on allegations that he lost the confidence of management due to a regulatory investigation and conduct including failure to disclose an outside business activity.
Jones has four other disclosures on his BrokerCheck report.
June 2020 Investigation
- Initiated By: United States Securities and Exchange Commission
- Description of Investigation: Allegations of misrepresentations and omissions in connection with the offer or sale of promissory notes and other private placements.
May 2020 Customer Dispute
- Status: Pending
- Allegations: The customer alleges unsuitable investment recommendations and misrepresentations.
- Damage Amount Requested: $335,000.00
December 2015 Judgment / Lien
- Judgment / Lien Amount: $550.00
- Judgment / Lien Type: Civil
March 2014 Financial Judgment
- Status: Pending
- Type: Compromise
- Disposition: Direct Payment Procedure
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The Sonn Law Group is currently investigating allegations surrounding Forrest Jones. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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