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Broker Misconduct Investigation: Alex Forschner (Maxim Group)

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Updated on: June 18, 2025

National investment loss lawyers KlaymanToskes continues investigating broker Alex Forschner (CRD# 5330416) formerly of Maxim Group.

According to FINRA BrokerCheck, broker Alex Forschner of Maxim Group is involved in a customer complaint alleging $2,000,000 in investor damages due to violations of the Michigan Uniform Securities Act, misrepresentation and omission of material facts, use of manipulative or deceptive sales tactics, failure to supervise. breach of fiduciary duty and breach of contract.

Investors that suffered losses with broker Alex Forschner are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Former Maxim Group Broker Alex Forschner Involved in Complaint

Financial advisor Alex Forschner, of Maxim Group, is involved in a customer dispute, according to the Financial Industry Regulatory Authority (“FINRA”). Forschner has been hit with a customer complaint which alleges $2,000,000 in investor damages due to violations of Michigan Uniform Securities Act, misrepresentation and omission of material facts, use of manipulative or deceptive sales tactics, failure to supervise. breach of fiduciary duty and breach of contract. The complaint allegedly relates to private placement investments. Broker Alex Forschner was previously registered as a broker with Maxim Group, LLC from December 2009 to March 2020 in New York, NY.

Investment Losses with Broker Alex Forschner?

Investment Losses with Broker Alex Forschner?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Alex Forschner, or have concerns regarding your investment portfolio at Maxim Group, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.