Goodman & Nekvasil P.A., May Recover Investor Losses | Ami Forte , Financial Advisor Named in FINRA Complaint
Ami Forte, Ami Kathryn Forte CRD # 2457536
Ami Forte was a previously licensed financial advisor with Pinnacle Investments, LLC and Morgan Stanley. FINRA reports that Ami Forte was named a respondent in a FINRA complaint alleging that Ami Forte, and an employee of hers, exploited an elderly customer suffering from severe cognitive impairment by engaging in qualitatively and quantitatively unsuitable trading in the customer’s accounts, generating more than $9 million in commissions. The complaint alleges that Ami Forte controlled the trading in the customer’s accounts and bought and sold the same securities multiple times over a short period, which resulted in higher commissions and provided little or no economic benefit to the customer. FINRA alleges that often these securities were income-producing bonds, including municipal bonds, intended for customers with long-term investment time horizons, and carried substantial commissions. FINRA alleges that Ami Forte also effected short-term purchases and sales of bonds without having reasonable grounds to believe that such purchases and sales were suitable for the customer in view of the nature and frequency of the transactions and the transactions costs incurred, and in light of the customer’s financial situation, investment objectives, circumstances and needs.
If you lost money on investments with Ami Forte and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Ami Forte’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Ami Forte and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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