There are options for clients of Fidelity Brokerage Services LLC broker Eric Stone (CRD# 5227654). He was registered with Fidelity Brokerage Services LLC in Jacksonville, Florida, from 2008 to 2021, when he was terminated regarding, “Allegation related to loans employee solicited and obtained from clients.”
In March 2023, FINRA barred him after he “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 on-the-record testimony requested by FINRA in connection with its investigation originating from a Form U5 filed by his member firm.” FINRA found that he was”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. Although Stone later provided additional information, he failed to provide substantially all of the information or any of the documents sought in the first request by the due date, and those materials remain outstanding.”
Eric Stone Customer Complaints
He has been the subject of two customer complaints between 2023 and 2024, according to his CRD report:
December 2024. “Customer alleges that she loaned money to the former employee and that she has not been repaid. Only $30,000 of claimed damages relate to conduct prior to former employee’s termination.” The customer is seeking $2,705,745.64 in damages, and the case is currently pending.
September 2023. “Customer alleges that she loaned money to the former employee and that she has not been fully repaid.” The customer sought $38,400 in damages, and the case was settled for $38,400.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Fidelity Brokerage Services LLC may be liable for investment or other losses suffered by Eric Stone’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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