Our firm is investigating Arkadios Capital financial advisor Jason Douglas Stone (CRD# 5455271) of Orange, California for potential investment-related misconduct.
Financial Advisor’s Career History
According to BrokerCheck, Jason Douglas Stone’s registration and employment history includes:
- Ameriprise Financial Services, Inc. (B/IA) — Long Beach, CA (01/2008–08/2013)
- J.W. Cole Financial, Inc. (B) — Orange, CA (08/2013–12/2014)
- J. W. Cole Advisors, Inc. (IA) — Orange, CA (01/2014–12/2014)
- Crown Capital Securities, L.P. (B/IA) — Orange, CA (01/2015–03/2024; IA listed 09/2015–03/2024)
- Stone Hatcher Financial (IA) — Anaheim, CA (04/2018–06/2019)
- Arkadios Capital (B) — Registered Representative (03/2024–Present)
BrokerCheck also reflects investment-related “other business” activity tied to Secura Financial LLC and Barth Financial Advisors, LLC.
Jason Douglas Stone Fraud Allegations and Investor Complaints Explained
BrokerCheck reflects three customer disputes (two pending; one settled). For context, the disclosures reported include:
- FINRA Arbitration (24-00606) — Filed 03/18/2024; Settled 06/10/2025; Alleged damages: $100,000; Settlement: $157,500; Individual contribution: $0 (allegations included suitability and misrepresentation issues in alternative products)
- FINRA Arbitration (25-00309) — Filed 02/13/2025; Pending; trustee alleged unsuitable recommendation and misrepresentation regarding an oil & gas limited partnership; referenced original investment of $75,000
- FINRA Arbitration (24-02045) — Filed 09/23/2024; Pending; alleged $2,000,000 damages involving alternative investments with alleged overconcentration, misrepresentation/omissions, and supervision issues
Disclosure 1: FINRA Arbitration No. 24-00606 (Settled)
Reported allegations: claimants alleged failure to supervise, breach of contract, material misrepresentations, breach of fiduciary duty, and lack of suitability regarding recommendations in alternative products.
Product type: Direct Investment—DPP & LP Interests (Oil & Gas).
Claimed damages: $100,000.
Forum / docket: FINRA arbitration, No. 24-00606 (filed 03/18/2024).
Disposition: Settled 06/10/2025 for $157,500, with $0 listed as the advisor’s individual contribution.
Disclosure 2: FINRA Arbitration No. 25-00309 (Pending)
Reported allegations: trustee alleged breach of fiduciary duty, unsuitable recommendation, and misrepresentation regarding an oil & gas limited partnership purchased approximately eleven years prior.
Product type: Direct Investment—DPP & LP Interests (Oil & Gas).
Damages reference: disclosure lists $75,000 as the original investment amount (and as the alleged damages figure in the report’s damages field/explanation).
Forum / docket: FINRA arbitration, No. 25-00309 (filed 02/13/2025).
Status: Pending.
Disclosure 3: FINRA Arbitration No. 24-02045 (Pending)
Reported allegations: customer alleged breach of fiduciary duty, lack of suitability, and overconcentration in alternative investments, with additional allegations of misrepresentation/omission of material facts and lack of supervision.
Product type: Direct Investment—DPP & LP Interests (Oil & Gas) and Real Estate Security.
Claimed damages: $2,000,000.
Forum / docket: FINRA arbitration, No. 24-02045 (filed 09/23/2024).
Status: Pending.
To obtain a copy of Jason Douglas Stone’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is commonly implicated when customers allege unsuitable recommendations in alternative products, because it requires a reasonable-basis and customer-specific suitability analysis grounded in the investor’s profile—particularly important where recommendations involve illiquid DPP/LP interests or complex alternatives and where the disputes allege “lack of suitability.”
FINRA Rule 3110 (Supervision) is frequently relevant when the pleadings include supervision failures—such as allegations of “lack of supervision” tied to alternative investment sales—because it requires member firms to maintain and enforce supervisory systems reasonably designed to achieve compliance, including monitoring for concentration red flags and reviewing the sale of higher-risk or illiquid products.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) can be implicated where a dispute alleges material misrepresentations or omissions, because it broadly requires brokers to observe high standards of commercial honor and just and equitable principles of trade—often cited in cases where communications or sales conduct is alleged to be misleading.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.
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