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Jason Salmon: $200K Complaint Against Torrance Advisor
FNEX Capital financial advisor Jason Salmon (CRD# 6081963) is involved in an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor based in Torrance, California and was formerly registered with WealthForge Securities in New York, New York.
Mr. Salmon’s BrokerCheck report discloses one investor complaint. Filed in March 2022, it alleges that WealthForge Securities failed to conduct reasonable due diligence on a private placement offering and that a salesperson made misrepresentations regarding the investment as safe, when in fact it was unsuitable for the customer. The pending complaint alleges damages of $200,000.
In a statement on the pending complaint’s disclosure, Mr. Salmon commented that “the allegations are inaccurate,” writing further: “The complaint was filed against the broker dealer – WealthForge Securities – and NOT the Representative. 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 statement goes on to assert that Mr. Salmon “did not play any role” in the investment’s management and that the investment suffered negative effects from “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 broker and investment advisor with FNEX Capital since January 2022. His past registrations include Growth 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 July 11, 2022.)
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