Dow Jones
New details in the Brookstreet Securities Corp. case support investor advocates’ calls for lifting the curtain higher on details of brokers’ transactions, particularly how brokers are compensated and their use of margin accounts. The Securities and Exchange Commission on Thursday filed fraud charges against 10 former brokers for Brookstreet, an Irvine, Calif., brokerage that collapsed […]
Investment News
regulators say there is a shortfall of data for investors when it comes to such cases. Keeping track of rogue brokers is a tricky business, particularly when they leave or are booted from the confines of the securities industry, but keep peddling financial products. Take, for example, Jeffrey Forrest, who no longer sells securities through […]
KNVN 24 TV
Ryan Bakhtiari was interviewed for this segment on KNVN 24 News.
Dow Jones
Regulators’ newly signaled concern over sales of non-traded and private real-estate investment trusts, or REITs, may be focused on dealings with seniors and with disclosure of just how illiquid these instruments are. The Financial Industry Regulatory Authority, or Finra, is conducting a sweep of broker-dealer sales and promotion practices related to non-exchange-traded and private REITs, […]
San Luis Obispo Tribune
SLO County investors put money in risky hedge fund promoted as safe by adviser, regulator says More than $8.8 million has been awarded to a group of San Luis Obispo County investors – clients of Jeffrey Forrest of WealthWise LLC in San Luis Obispo – who lost millions in what amounted to a risky hedge […]