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FINRA Broker Allegations

Allegations against: James William Forsythe

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Claimant alleges that mr. Forsythe recommended unsuitable securities in two custodial accounts and one joint account claimant shared with her husband. Claimant also alleges that mr. Forsythe permitted claimant's husband to execute trades in the two custodial accounts even though he was not a signatory to those accounts. Claimants further alleges that mr. Forsythe accepted orders for the joint account from claimant's husband after claimant informed mr. Forsythe that her husband was "[redacted]" and suffered from "delusions of grandeur".

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