Eric Stone Investigation
June 2023-Jacksonville, FL
According to publicly available records Eric James Stone a former broker who last worked for Fidelity Brokerage Services, discloses a regulatory matter resulting in a permanent bar from the industry.
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.
In 3/2023, without admitting or denying the findings, Stone consented to the sanction and to the entry of findings that he failed to make a complete production of documents and failed to appear for the on-the-record testimony requested by FINRA in connection with it’s investigation originating from a Form U-5 filed by his member firm. The findings stated that stone had been discharged because of concerns related to loans he solicited and obtained from clients. Stone did not respond by the due date, but belatedly provided a statement that included some of the information sought by the request. As a result of these findings, Stone was permanently barred from FINRA in all capacities.
In 6/2021, Fidelity Investments discharged Stone as a result of allegations related to loans employees solicited and obtained from clients.
Stone was with Fidelity Brokerage Services from 2/2008 until 6/2021.
If you have questions about an account handled by Eric Stone contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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