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Former Securities America, Inc. Broker, Bill Dixon, Barred from the Securities Industry by FINRA – Urbana, Ohio
The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker William Dixon. from the securities industry. Mr. Dixon was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation. FINRA’s investigation originated after Securities America, Inc. discharged Mr. Dixon and alleged that he signed his deceased client’s signature and initials on multiple annuity surrender forms.
Mr. Dixon was registered with Securities America, Inc. in Urbana, Ohio, from September 2016 until October 2019.
If you have suffered financial losses investing with William Dixon or Securities America, Inc., contact New York securities arbitration our law firm for a free and confidential review of your account.
Iorio Law PLLC represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Securities America, Inc.
FINRA Letter of Acceptance, Waiver, and Consent No. 2019064188001
William H. Dixon and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 11, 2021, after Mr. Dixon refused to provide information and documents in connection with FINRA’s investigation. The investigation originated after Securities America, Inc. discharged Mr. Dixon and alleged that he signed his deceased client’s signature and initials on multiple annuity surrender forms.
On April 1, 2021, in connection with FINRA’s investigation, FINRA sent a letter to Mr. Dixon requesting the production of documents and information pursuant to FINRA Rule 8210. On April 16, 2021, Mr. Dixon, through counsel, stated on a phone call that he would not provide the requested information or documents at any time.
By refusing to provide the information or documents, Mr. Dixon violated FINRA Rules 8210 and 2010.
Financial Advisor William H. Dixon (CRD No. 68881)
William H. Dixon had 47 years of experience in the securities industry. According to his BrokerCheck report, he has been the subject of at least two customer complaints:
- Customer Dispute (September 2016): A customer provided a written complaint to Prudential, alleging that the variable annuity that was recommended by Mr. Dixon was not suitable. Prudential forward to the complaint to Wall Street Financial Group, which employed Mr. Dixon at the time. The firm denied the customer any compensation.
- Customer Dispute (September 2008): A customer alleged that sales charges related to a variable annuity were not disclosed. The customer did not file a securities arbitration complaint and instead complained directly to the firm, Wall Street Financial Group. The firm denied the customer any compensation, stating that it found insufficient evidence to support the claim.
Supervisory Duties
Brokerage firms like Securities America, Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.
How to Recover Financial Losses or Obtain a Free Consultation
If you have lost money with financial advisor William Dixon or Securities America, Inc., contact New York securities arbitration attorney August Iorio of Iorio Law PLLC. August Iorio can be reached at info@iorio.law or toll-free at (646) 330-4624 for a free and confidential review of your legal rights.
About Iorio Law PLLC
Iorio Law PLLC is a securities arbitration law firm located in New York, NY. We represent investors nationwide and vigorously pursue FINRA arbitration claims on behalf of investors to recover investment losses.
We have over 15 years of experience as securities arbitration lawyers and have helped investors recover investment losses in over 800 cases. The firm will file a FINRA securities arbitration claim on your behalf on a contingency fee basis to try to recover your losses. If we do not obtain a recovery, you do not owe us a legal fee.
This blog was published by August Iorio when he was a Partner at his previous firm and has been updated to reflect Iorio Law PLLC’s new contact information. To evaluate any potential claims, contact securities arbitration lawyer August Iorio for a free consultation contact Iorio Law PLLC at info@iorio.law or (646) 330-4624.