The Financial Industry Regulatory Authority recently barred ex-Securities America broker William Dixon relating to allegations he signed a dead client’s name.
According to the FINRA Letter of Acceptance, Waiver, and Consent:
“This matter originated from a Form U5 filed by Securities America on October, 2019, reporting the termination of Dixon’s association with the firm as a result of his ‘violation of [the] firm’s policies and procedures regarding the use of non-genuine client signatures.’
FINRA Rule 8210(a)(1) states, in relevant part, that FINRA has the right to ‘require a . . . person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically.’ FINRA Rule 8210(c) similarly provides that ‘[n]o member or person shall fail to provide information . . . pursuant to this Rule.’
A failure to comply with a request for information pursuant to FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires associated persons to ‘observe high standards of commercial honor and just and equitable principles of trade.’
On April 1, 2021, FINRA sent Dixon a request for the production of documents pursuant to FINRA Rule 8210. Dixon acknowledges that he received FINRA’s request and stated that he will not produce the documents requested, through his counsel’s statements to FINRA over the phone, in an email to FINRA on April 16, 2021, and by this agreement. By refusing to produce the documents as requested pursuant to FINRA Rule 8210, Respondent violated FINRA Rules 8210 and 2010.”
As part of the AWC, William Dixon is now barred from associating with any FINRA member in any capacity.
Fishman Haygood’s team of investment fraud lawyers represent investors who have suffered investment losses in claims against their brokers or financial advisors and the firms employing/supervising them. If you believe that you may have suffered financial losses due to the misconduct of a financial professional, we may be able to help.
Please contact us to discuss your potential claim.