Former WealthForge Rep Jason Salmon: Private Placement Complaint
A pending investor complaint listed on FNEX Capital representative Jason Salmon’s BrokerCheck report (CRD# 6081963) alleges six-figure damages stemming from a private placement investment. Financial Industry Regulatory Authority records show that he is based in Torrance, California and was previously registered with WealthForge Securities.
Filed in March 2022, the pending complaint on Mr. Salmon’s BrokerCheck report alleges that WealthForge Securities failed to conduct reasonable due diligence on a private placement offering and additionally that “the salesperson misrepresented to them that the investment was a safe investment and recommended an unsuitable investment as a result.” The pending complaint alleges damages of $200,000.
In a comment on the March 2022 investor complaint’s disclosure, Mr. Salmon describes the allegations as inaccurate. “The complaint was filed against the broker dealer – WealthForge Securities – and NOT the Representative,” he writes. “The investor stated WealthForge failed to conduct necessary due diligence. The investor is a sophisticated real estate investor who the Representative discussed the risk factors of investing in real estate with as well as provided to the client a list of the investment risk factors for the investor’s review and approval prior to investing.” The comment goes on to state that he played no role in the investment’s management, and that the product suffered negative effects from issues relating to “the lender, the manager of the property and the COVID-19 pandemic.”
According to the Financial Industry Regulatory Authority, Jason Salmon holds nine years of securities industry experience. Based in Torrance, California, he has been a representative of FNEX Capital since January 2022. His past registrations includeGrowth Capital Services (New York, New York; 2020-2022), WealthForge Securities (New York, New York; 2017-2020), Colorado Financial Service Corporation (New York, New York; 2015-2017), EDI Financial (Lake Como, New Jersey; 2013-2015), and Allied Beacon Partners (Lake Como, New Jersey; 2012-2013). His credentials include the passage of three securities industry qualifying exams: the Direct Participation Programs Representative Examination, or Series 22; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 51 state licenses. (Information current as of May 22, 2022.)
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