Last Updated: February 2025 (Midland, TX)
Forrest Wester Investigation Summary
Here’s what you need to know about Midland, TX, stockbroker Forrest Wester:
- Name: Mr. Forrest Addington Wester
- Current Employer: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
- Previous Firms: Wells Fargo Clearing Services, A.G. Edwards & Sons
- Function: Stock Broker/ Financial Advisor
- Aliases: Forrest Wester
- Primary Location: Midland, TX
- CRD 2559502
- Can Forrest Wester be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $57,077
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Forrest Wester As Your Stockbroker?
Forrest Wester was permanently barred from the securities industry by FINRA in 11/2023. Wester consented to this sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with an investigation over concerns about potential misappropriation of client funds.
In 1//2023 a customer complained to Wells Fargo that Forrest Wester stole money from her account. The case was settlement for $57,077 in 2/2024.
In 5/2024 another customer was paid $10,500 to resovle allegations that Wester made investments that were not in the customer’s best interest.
IN 2009 a customer alleged that Wester made unauthorized trades causing damages of an unspecified amount. The firm denied the claim and apparently the customer did not pursue the matter further.
In 11/2023 Wells Fargo discharged Forrest Wester after he admitted transferring customer funds to an account Wester controlled.
Investigations involving Theft and Misappropriation of Customer Funds
Allegations of Broker Misconduct Against Forrest Wester
A customer of Forrest Wester has alleged the following wrongdoing in connection with the handling of customer accounts:
- Theft of customer funds
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Forrest Wester, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.