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Michael Forester: Investor Alleges Negligent Advice

Michael Forester

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 29, 2018 indicate that Indiana-based MML Investors Services broker Michael Forester has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Forester (CRD# 5975985).

Michael Forester has spent six years in the securities industry and has been registered with MML Investors Services in Fort Wayne, Indiana since 2011. He has no previous registrations. He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 31, 2015, and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on October 25, 2011. He is a registered broker with four US states: Colorado, Georgia, Indiana and Virginia.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one unsatisfied tax lien.

In June 2018 a customer alleged Michael Forester, while employed at MML Investors Services, gave negligent advice “by recommending liquidation of 401(k) investments and placing funds into a savings account” for the purchase of life insurance policies. The customer is seeking $49,885 in damages in the pending complaint.

In March 2017 a customer alleged Michael Forester, while employed at MML Investors Services, made unauthorized changes to a life insurance policy. The complaint settled with the restoration of the original policy.

In February 2017 the State of Indiana filed a tax lien totaling $2,383 against him. The lien remains outstanding.

If you or someone you know has a complaint regarding Michael Forester, call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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