AMI FORTE OUT AT PINNACLE INVESTMENTS AFTER FINRA WIDENS ITS NET

Home » AMI FORTE OUT AT PINNACLE INVESTMENTS AFTER FINRA WIDENS ITS NET

AMI FORTE OUT AT PINNACLE INVESTMENTS AFTER FINRA WIDENS ITS NET

Ami Forte, once a star Morgan Stanley advisor with over $2 billion in assets under management, is out at Pinnacle Investments as of October 17, according to her FINRA BrokerCheck report.

Forte’s departure comes two weeks after FINRA’s announced expansion of its January Wells Notice, which informed Forte of FINRA’s preliminary decision to discipline her for violations of industry rules. The newly expanded notice includes potential violations of rules related to conflicts of interest, fraud, unsuitability of recommendations, municipal securities, and books and records.

Forte’s departure from Morgan Stanley was blogged about in this space in June, after a FINRA arbitration panel entered an award of over $34 million against Morgan Stanley, Forte, and Terry McCoy based on findings of unauthorized trading, churning, breach of fiduciary duty, fraud, negligence, unjust enrichment, and elder abuse.

The claimant in that case was the estate of Roy Speer, founder of the Home Shopping Network. Forte was terminated by Morgan Stanley following the allegations but was hired in March by Pinnacle Investments as its chief business development officer.

If you or someone you know has lost money as a result of an investment with Pinnacle Investments or Ami Forte, please call the Frankowski Firm at 888.741.7503 or fill out this contact form.

By |November 1st, 2018|Legal Matters|

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