Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 28, 2018 indicate that Tennessee-based Lincoln Investment broker/adviser Jimmy Forbis has been involved with resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Forbis (CRD# 210980).
Jimmy Forbis has spent 44 years in the securities industry and has been registered with Lincoln Investment in Memphis, Tennessee and Gulf Shores, Alabama since 2012. Previous registrations include Capital Analysts Incorporated in Memphis, Tennessee (1995-2012); MTL Equity Products in Downers Grove, Illinois (1989-1995); Walnut Street Securities in El Segundo, California (1985-1989); General American Life Insurance Company (1986-1987); Integrated Resources Equity Corporation (1984-1985); BLC Equity Services Corporation (1983-1985); and SMA Equities (1974-1983). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 18, 1990; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 1 (Registered Representative Examination), which he obtained on August 23, 1974; and Series 24 (General Securities Principal Examination), which he obtained on January 30, 2006. He is a registered broker and investment adviser with 15 US states and territories: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Illinois, Mississippi, Missouri, North Carolina, Oklahoma, Tennessee, Texas, Utah, and Virginia.
According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one denied customer complaint.
In October 2018 a customer’s spouse alleged Jimmy Forbis, while employed at Lincoln Investment Planning, recommended an unsuitable variable annuity purchase. The customer is seeking $200,000 in damages in the pending complaint.
In 2016 a customer’s spouse alleged Jimmy Forbis, while employed at Lincoln Investment Planning, stole money and executed unauthorized activity in the customer’s account. The claimant sought unspecified damages in the complaint, which was denied.
In 2008 a customer alleged Jimmy Forbis, while employed at Capital Analysts, over-charged or caused the over-charging of fees and commissions. The complaint settled in 2009 for $20,000.
If you or someone you know has lost money investing with Jimmy Forbis, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.