Jason Stone, Secura Broker, Involved in $2 Million Dispute
Jason Stone (CRD# 5455271), a broker registered with Arkadios Capital, recommended unsuitable and concentrated investments, according to an investor dispute. MDF Law is investigating the Orange, California-based financial professional for similar conduct. If you suffered losses on unsuitably risky investments, reach out for a free consultation.
The below post provides additional information regarding Mr. Stone’s history as a broker. It is based on a February 11, 2025 review of his BrokerCheck profile, a Financial Industry Regulatory Authority record.
Pending Dispute Stems from Alternative Investments
On November 6, 2024, an investor filed a dispute involving Mr. Stone. In this claim, they alleged that he breached his fiduciary duty and misrepresented material information regarding an investment recommendation. Additionally, they alleged that he over-concentrated the investor’s accounts in unsuitable alternative investments, including oil and gas and real estate products. The dispute, which is still pending, seeks $2 million in alleged damages.
In a “Broker Statement” appended to the claim’s disclosure, Mr. Stone wrote that he disagrees with the dispute. “The allegations made are exaggerated and misleading and do not follow the facts of client relationship or circumstances of the investment,” the statement asserts. “Client has been involved in complex real estate transactions, including International ownership of property since before the client relationship existed.”
Other Dispute Seeks $100,000
In addition to the above-described dispute, another party of investors lodged a claim involving Mr. Stone on March 18, 2024. In this case, the claimants alleged supervisory failures, breach of contract, breach of fiduciary duty, misrepresentation, and unsuitable recommendations. These allegations also stemmed from alternative investments, including oil and gas, according to his BrokerCheck profile. The dispute, which is still pending, seeks $100,000 in alleged damages.
Mr. Stone also issued a “Broker Statement” defending himself against this dispute. “Advisor disagrees with beneficiary’s statement that the investment was unsuitable at time of sale,” it asserts. “At no point did the client investments exceed the allowable threshold and consideration for appropriate liquidity was given at all times.”
What Is Secura Financial?
As his BrokerCheck record reflects, Mr. Stone is an investment adviser representative of Secura Financial. This firm’s website includes a section outlining its mission, vision, and values. “We want all our clients to be comfortable with, and have a base knowledge of, their portfolio of investments that will see you and your family through life and help create a legacy for future generations,” this page reads. “Whether you are a small business owner looking for a way to both set more aside for retirement and take care of your employees; or you are a Fortune 500 C-Level manager, we formulate a unique plan tailored to each situation.”
FINRA: Jason Stone Based in Orange, California
Mr. Stone launched his career as a broker in 2008, when he registered with Ameriprise Financial Services. He went on to work with J.W. Cole Financial and eventually Crown Capital Securities, which he departed in March 2024. He joined his current member firm, Arkadios Capital, in March 2024. Still at the firm today, he is based at its office in Orange, California. He is also an investment adviser representative of Secura, which he joined in 2013.
Investors Have Rights. We Defend Them
Did you lose money on oil and gas ventures or other investments recommended by Jason Stone? You may be able to file a FINRA arbitration claim to pursue damages. Call MDF Law for a free consultation about your case. Our team boasts extensive experience advocating for the victims of broker fraud, securing millions in recoveries. To speak with an attorney for free, call 800-767-8040 today.