MONTGOMERY, TEXAS
Have you lost money with financial advisor Forrest A. Jones of Montgomery, Texas? We are looking into allegations made against Forrest A. Jones. The Securities and Exchange Commission filed a complaint against Jones and two other individuals. Forrest Jones was alleged to have raised $3.7 million in at least five fraudulent securities offerings. Some of these offerings include Knight Nguyen Investments, a gold refinery in Lebanon, a consulting company based in Florida, a biosciences company, and a graphic tools company.
Forrest Jones was a representative of Fortune Financial Services from May 2018 to November 2018. He was also with Merrill Lynch from December 2018 to November 2020. He worked at a branch office in Montgomery, Texas. Jones has been the subject of at least one customer complaint.
Brokerage firms like Fortune Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas. Our attorneys have represented over one thousand investors against many firms in the past, including against Fortune Financial Services and Merrill Lynch.