Last Updated: September 2025 (Torrance, CA)
Jason Salmon Investigation Summary
Here’s what you need to know about Torrance, CA, stockbroker Jason Salmon:
- Name: Mr. Jason Andrew Salmon
- Current Employer: FNEX Capital
- DBA: Cove Capital Investments
- Other Business Affiliations: Kay Properties and Investments, KPI Brokers, Chinook Ventures
- Previous Firms: Growth Capital Services, WealthForge Securities, Colorado Financial Services Corp., EDI Financial, Allied Beacon Partners
- Function: Stock Broker/ Financial Advisor
- Aliases: Jason Salmon
- Primary Location: Torrance, CA
- CRD 6081963
- Can Jason Salmon be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest settlement: $1,500,000 (private placements)
- Pending Customer Disputes Seek Damages in excess of One Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jason Salmon As Your Stockbroker?
A customer of WealthForge Securities filed a FINRA arbitration in 3/2022 alleging that Jason Salmon and WealthForge did not conduct reasonable due diligence on an offering in a private placement investment. In 12/2023 that case was settled for $1.5 million.
In 7/2024 our firm filed an arbitration against Wealthforge Securities on behalf of a customer from the State of New York, seeking damages of $999,000 as a result of recommendations by Salmon to invest in several Delaware Statutory Trusts. See below for details.
In 9/2024 another customer of Wealthforge Securities filed a FINRA arbitration alleging a failure to conduct due diligence, breach of fiduciary duty and other claims in connection with the sale of private placements. Claimant seeks unspecified damages including benefit of the bargain damages or alternatively, damages consisting of what a well-managed account would have earned. This case is currently pending.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Rex Securities Law Files FINRA Arbitration vs. Jason Salmon’s Prior Employer Wealthforge Securities for Losses on Delaware Statutory Trust
We are currently representing a retiree from New York State and have filed a FINRA arbitration on his behalf against Wealthforge Securities alleging that Wealthforge failed to supervise Jason Salmon who recommended unsuitable investments causing damages of nearly $1 million. The subject investments include:
- Nelson Partners
- Nelson Brothers Gathering DST
- Buckingham DST Nelson Brothers
- Elevate Bellingham- Nelson Brothers
- CF Star Multi-Family Portfolio DST
- Cove Debt Free Tacoma Data Center DST
- FSC Automotive I DST
- LSC-SCH Multi 1 DST
- Cove Debt Free Maryland DST
Causes of action include negligence, violations of FINRA Rules 2110 and 2111, breach of fiduciary duty and fraud.
According to his biography on the Kay Properties & Investments website, Jay Salmon is Exectutive VP of that company. Description of his role in that capacity is set forth on that site as “He specializes in tax-advantaged exit strategies and estate planning solutions—working with property owners on their 1031 exchange transactions. Jason has expertise in identifying real estate investments across multiple sectors and takes pride in giving clients access to opportunities via the company’s diverse platform.”
Allegations of Broker Misconduct Against Jason Salmon
Customers of Jason Salmon & Wealthforge Securities has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in private placements
- Unsuitable Investment Recommendation to invest in DST’s (Delaware Statutory Trusts)
- Misrepresentations and Omissions
- Breach of Contract
- Failure to perform adequate due diligence
For more information on the FINRA Arbitration process, see this.
See this for more information on Nelson Partners Skyloft DST
What is a DST (Delaware Statutory Trust) ?
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
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
Rex Securities Law is interested in speaking to current and former customers of Jason Salmon and Wealthforge Securities who may have information helpful to our investigation.
Investigations involving other Wealthforge Securities brokers
If you have suffered investment losses in an account handled by Jason Salmon, 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.