Jeffrey Dixson (CRD#: 4166311), formerly a registered representative with Madison Avenue Securities, LLC (CRD#: 23224) in Vancouver, Washington, is currently involved in four pending customer disputes totalling $1 million. The dispute stem from allegations that he recommended unsuitable alternative investments to clients, according to his BrokerCheck record accessed on February 3, 2020.
On July 18, 2019, a customer alleged that Jeffrey Dixson recommended unsuitable investments in November 2015. The client is seeking $200,000 in damages. The matter is pending.
On August 21, 2019, another customer alleged that Jeffrey Dixson recommended unsuitable alternative investments from April 2012 to July 2015. The client also alleged that Jeffrey Dixson engaged in negligence and violated securities regulations, among other things. The client is seeking $650,000 in damages. The matter is pending.
On September 19, 2019, a third customer alleged that Jeffrey Dixson violated FINRA Rule 2110, which mandates that registered representatives follow standards of commercial honor, and FINRA Rule 2111, which requires that a firm have a reasonable basis to believe that an investment is suitable for a client. The customer also alleges that Jeffrey Dixson acted negligently, misrepresented facts, violated the securities laws of Oregon, breached his fiduciary duty (putting his interests ahead of the client’s), and committed elder abuse. The dispute is pending.
On November 27, 2019, yet another customer alleged that Jeffrey Dixson recommended unsuitable alternative investments and fixed index annuities. The client alleged that Jeffrey Dixson violated the securities laws of Oregon, put his interests before the client’s, acted negligently, and engaged in elder abuse. The client is requesting $150,000 in damages; the dispute is pending.
Jeffrey Dixson’s BrokerCheck record also lists one settled dispute and one final regulatory action. On September 16, 2015, Jeffrey Dixson became involved in a customer dispute over VA contracts held with MetLife Securities. A client alleges that he and his wife were given poor advice and were not informed about how withdrawals would affect the account value. The client originally sought $180,00 in damages; the matter was settled for $140,000.
On November 29, 2007, the State of Washington, Office of the Insurance Commissioner found that Jeffrey Dixson sold variable annuities that were not approved by the Washington Office of the Insurance Commissioner. The Washington Office of the Insurance Commissioner fined Jeffrey Dixson and mandated that he complete ethics training.
Jeffrey Dixson is not currently registered as a broker. Throughout his career in the securities industry, however, he worked for five broker-dealers. In addition to Madison Avenue Securities, LLC (CRD#: 23224), he also worked for the following firms:
- Pacific West Securities, Inc. (CRD#: 6390)
- Intersecurities, Inc. (CRD#: 16164)
- United Securities Alliance, Inc. (CRD#: 36487)
- WMA Securities, Inc. (CRD#: 32625)
If Jeffrey Dixson was your broker and you have concerns about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.