John T. Foster
calls upon his deep and broad senior level experience, gained through a 35 year career in the broker-dealer industry, to provide uniquely relevant securities expert witness services. Uncommon in the “expert” field, Mr. Foster continues today to be actively engaged in the field as a specialized consultant for broker-dealer firms. He currently serves as the President and CEO of Bedford & Main Financial Consulting.
Mr. Foster worked for many years in a senior management role for a large, multi-national self-clearing firm. He also served as the President and CEO of an independent broker-dealer where he was responsible for ensuring compliance and regulatory requirements were properly implemented to support a retail-based business. He is very familiar with financial services expert witness issues related to fundamental FINRA compliance regulations such as: suitability, supervision, senior issues, churning, complex products and written supervisory procedures (WSPs). He is also proficient in matters related to client and firm interactions with financial advisors, which frequently are subjects of FINRA arbitrations.
Mr. Foster believes that in order to maintain ethical standards a high degree of selectivity is required when reviewing specific issues and determining his ability to provide a meaningful expert opinion. As such, he is happy to review a claim (“On my own time and expense of course!”) to determine if he has the proper background and agreement to support a case.
Areas of Expertise
Licenses and Memberships
- Senior Issues
- Discount Web Brokers
- Complex Products
- SEC Direct Market Access (15c3-5)
|Written Supervisory Procedures (WSPs)Financial Advisor Supervision FINRA CompliancePrivate Security TransactionsOutside Business ActivitiesCertified Anti-Money Laundering SpecialistMaster Accounts and Sub-accounts|
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- FINRA Series 3, 7, 24, 27 and 63
- Certified FINRA Dispute Resolution Arbitrator
- Member of the Securities Experts Roundtable
- Certified Anti-Money Laundering Specialist (CAMS)