{"id":9597,"date":"2020-12-29T10:40:38","date_gmt":"2020-12-29T15:40:38","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9597"},"modified":"2022-03-24T11:11:53","modified_gmt":"2022-03-24T15:11:53","slug":"merrill-lynch-discharges-broker-forrest-jones-after-sec-investigation","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/merrill-lynch-discharges-broker-forrest-jones-after-sec-investigation\/","title":{"rendered":"Forrest Jones Fired By Merrill Lynch, Under Investigation By SEC"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10504 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Forrest-Jones.png\" alt=\"Forrest Jones (Forrest Andrew Jones, CRD# 4880765) is a former registered broker and investment advisor whose last known employer was Merrill, Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691) of Conroe, TX. His previous employers include Fortune Financial Services, Inc. (CRD#:42150) of Montgomery, TX, McNally Financial Services Corporation (CRD#:121196) of The Woodlands, TX, and MetLife Securities Inc. (CRD#:14251) of Houston, TX. He has been in the industry since 2005.  The US Securities and Exchange Commission (SEC) began an investigation into Jones\u2019 business practices on 6\/24\/2020. The agency began investigating these allegations involving omission and misrepresentations in the offerings of private placements, including promissory notes. On 5\/13\/21, the SEC then filed its complaint against Jones, along with Knight Nguyen Investments, Christopher Knight Lopez and his brother, Jayson Lopez after raising at least $3.7 million from retail investors and advisory clients in at least five fraudulent securities offerings.  Many of the investors were older and inexperienced. Jones and the Lopez brothers promised them solid investments with guaranteed high returns. However, the company, Jones, and the Lopez brothers recommended to and sold the investors very high-risk products that failed to meet the firm\u2019s own criteria for investments. Furthermore, these investments were owned, controlled and\/or associated with the Lopez brothers, who made multiple omissions and misstatements about the potential for the investments. The Lopez brothers also misappropriated and misused some of the investor funds and produced falsified financial statements for the defrauded investors, according to the SEC.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Forrest-Jones.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Forrest-Jones-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Forrest Jones (Forrest Andrew Jones, CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/4880765\" target=\"_blank\">4880765<\/a>) is a former registered broker and investment advisor whose last known employer was Merrill, Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691) of Conroe, TX. His previous employers include Fortune Financial Services, Inc. (CRD#:42150) of Montgomery, TX, McNally Financial Services Corporation (CRD#:121196) of The Woodlands, TX, and MetLife Securities Inc. (CRD#:14251) of Houston, TX. He has been in the industry since 2005. <a href=\"https:\/\/www.silverlaw.com\/blog\/merrill-lynch-discharges-broker-forrest-jones-after-sec-investigation\/#more-9597\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forrest Jones (Forrest Andrew Jones, CRD# 4880765) is a former registered broker and investment advisor whose last known employer was Merrill, Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691) of Conroe, TX. His previous employers include Fortune Financial Services, Inc. (CRD#:42150) of Montgomery, TX, McNally Financial Services Corporation (CRD#:121196) of The Woodlands, TX, and MetLife Securities [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699,580],"tags":[],"class_list":["post-9597","post","type-post","status-publish","format-standard","hentry","category-private-placement","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forrest Jones Fired By Merrill Lynch, Under Investigation By SEC<\/title>\n<meta name=\"description\" content=\"Forrest Jones is a former registered broker and investment advisor whose last known employer was Merrill Lynch of Conroe, TX.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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