September 16, 2019 Comments (0) Current Investigations, Securities Fraud

Jack D. Stone Broker Investigation

Jack D. Stone Broker Investigation, Featured by Top Securities Fraud Attorneys, The White Law Group

Jack D. Stone, Forest Securities in Hillside, IL

Are you concerned about investments with Jack D. Stone in Hillside, IL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred financial advisor Jack D. Stone from working in the securities industry after he allegedly refused to appear for testimony in connection with an investigation into his alleged securities activities while at his member firm, including “possible misrepresentations to customers, use of discretion, and unauthorized transactions”.

According to his FINRA BrokerCheck report, Stone was reportedly affiliated with Forest Securities in Hillside, IL from April 2012 until August 2019. Prior to that, he was a registered representative with the now-defunct Birkelbach Investment Securities in Chicago from 2003 until 2012.

He currently has 3 customer complaints listed on his broker report, one of which is still pending. Allegations include “churning, unauthorized trading, fraud, breach of fiduciary duty.”

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Stone’s former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unauthorized or unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Illinois. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about investments you made with Jack D. Stone, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

 

 

-->