Goodman & Nekvasil P.A. May Recover Investor Losses on Woodbridge Mortgage Investment Funds – Gary Arthur Forrest (Gary Forrest) Financial Advisor, Formerly Licensed with American Portfolios Financial Services, Inc.
From 2007 until 2016, Gary Forrest was licensed with American Portfolios Financial Services, Inc. Goodman & Nekvasil, P.A. has learned that Gary Forrest sold the fraudulent Woodbridge Mortgage Investment Fund.
On January 29, 2017, the State of Michigan ordered Gary Forrest to cease and desist from offering and selling unregistered securities and from acting as an unregistered agent for Woodbridge Mortgage Investment Fund 3, LLC; Woodbridge Mortgage Investment Fund 3A, LLC; and Woodbridge Mortgage Investment Fund 4, LLC (collectively, “Woodbridge” unless individually identified), contrary to the Securities Act. The state of Michigan alleged that Gary A. Forrest offered or sold twelve Woodbridge securities in the State of Michigan which were not federally covered, exempt from registration, or registered, in violation of section 301 of the Securities Act, MCL 451.2301. (Exhibit 1).
If you invested in the Woodbridge Mortgage Investment Funds through Gary Forrest, you may be able to recover your losses from American Portfolios Financial Services, Inc. This is because American Portfolios Financial Services, Inc. had a duty to supervise Gary Forrest.
If you invested in the Woodbridge Mortgage Investment Funds through Gary Forrest, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against American Portfolios Financial Services, Inc. concerning Gary Forrest’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. You will continue to own your claim in the Woodbridge Bankruptcy; our case involves a separate, additional avenue of recovery.
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 $170 million on behalf of victimized investors. If you lost money on investments with Gary Forrest including promissory notes 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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