Last Updated: February 2024 (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
- 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
- Pending Customer Dispute Seeks Damages of $200,000
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. Damages of $200,000 are sought in this currently pending matter.
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.
Allegations of Broker Misconduct Against Jason Salmon
A customer 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
- Failure to perform adequate due diligence
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.
Rex Securities Law Current Investigation of Jason Salmon
We are currently investigating Jason Salmon on behalf of a client who invested in NB Gathering DST and Nelson Brothers Buckingham.
See this for more information on Nelson Partners Skyloft DST
Recover Your Investment Losses Now With Rex Securities Law
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.
