Last Updated: December 2024 (Jacksonville, FL)
Eric Stone Investigation Summary
Here’s what you need to know about Jacksonville, FL, former stockbroker Eric Stone:
- Name: Eric James Stone
- Current Employer: None (No current FINRA registration)
- Prior Employer: Fidelity Brokerage Services LLC
- Function: Stockbroker / Financial Advisor
- Aliases: Eric Stone
- Primary Location: Jacksonville, FL
- CRD: 5227654
- Can Eric Stone be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: Yes—Barred from industry
- Terminated from Employment: Yes
- Highest Settlement or Award: $38,400
- Judgment/Lien: $33,957 (IRS Tax Lien)
If you’ve sustained damages from Mr. Stone, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Eric Stone As Your Stockbroker?
A customer of Fidelity Brokerage Services LLC settled a complaint for $38,400 on November 29, 2023. The customer alleged that Eric Stone solicited a loan from the customer and failed to repay it. Loan transactions between brokers and their customers is generally prohibited by brokerage firms.
FINRA Rule 2010-states that a member: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
Separately, Eric Stone was barred by FINRA on March 2, 2023, for failing to produce documents and testify during a FINRA investigation into allegations he solicited and obtained loans from clients without authorization. This regulatory action originated from a Form U5 filed by his former employer, Fidelity Brokerage Services LLC, upon his termination.
Investigations involving Theft and Misappropriation of Customer Funds
Allegations of Broker Misconduct Against Eric Stone
Customers and regulatory agencies have alleged the following misconduct against Eric Stone:
- Unauthorized Client Loans: FINRA alleged and documented that Eric Stone solicited and obtained loans from clients in violation of professional conduct rules. FINRA Rule 2010, which requires members to observe high standards of commercial honor, is applicable to these allegations.
- Failure to Respond to FINRA Investigations: Stone did not comply with requests to provide documentation or testimony related to the allegations, resulting in a permanent bar from the securities industry.
- Unpaid Tax Liens: An IRS tax lien of $33,957 remains outstanding, filed with the St. Johns County Court in Florida.
FINRA enforces strict reporting and compliance obligations to protect investors. Brokers like Eric Stone are required to disclose all material financial and legal matters, including judgments and liens, and to act in the best interest of their clients.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Eric Stone, 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.
