March 8, 2016- Greenville, South Carolina
The United States Attorney’s Office for District of South Carolina announced that Claus C. Foerster, 55, of Spartanburg, South Carolina was indicted by a Federal Grand Jury and charged with wire fraud.
According to the indictment, Foerster defrauded clients out of $2.8 million.
Foerster, who was previously a broker with Raymond James, Morgan Keegan, and CItigroup, was barred by FINRA from the securities industry in June 2014. See this for more.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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