The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Jeffrey Dixson. According to his publicly available FINRA BrokerCheck report, Jeffrey Dixson has been the subject of multiple customer disputes.
Jeffrey Dixson is a Washington based securities broker. He has worked in the securities industry for nineteen years. During his career, he has been registered with five different securities firms.
His Registrations
- WMA Securities (2000-2001)
- United Securities Alliance (2001-2003)
- Intersecurities (2003-2004)
- Pacific West Securities (2004-2007)
- Madison Avenue Securities (2007-Present)
The Allegations
- In September 2015, a customer alleged that Jeffrey Dixson misrepresented features of a particular investment that included the ability to access funds. This case was settled for $140,000 in damages.
- In July 2019, a customer alleged that Jeffrey Dixson recommended unsuitable investments. This case is currently pending. The customer is seeking $200,000 in damages.
- In August 2019, a customer alleged that Jeffrey Dixson placed them in highly unsuitable alternative investments. The customer also alleged that Jeffrey Dixson handled their account negligently, breached contract, breached his fiduciary duty, and breached industry rules and regulations. This case is currently pending. The customer is seeking $650,000 in damages.
- In September 2019, another customer alleged that Jeffrey Dixson placed them in highly unsuitable alternative investments. The customer also alleged that Dixson violated FINRA rules, handled their account negligently, failed to conduct necessary due diligence, made material misrepresentations and omissions of fact, breached his fiduciary duty, committed elder abuse, and violated Oregon securities law. This case is currently pending. The customer is seeking an undisclosed amount in damages.
- In September 2019, a customer alleged that Jeffrey Dixson placed them in highly unsuitable alternative investments and fixed annuities. The customer also alleged that Jeffrey Dixson violated Oregon Securities law, breached his fiduciary duty, handled their account negligently, and committed elder abuse. This case is currently pending. The customer is seeking $150,000 in damages.
Alternative Investments
The term alternative investments is primarily used to describe privately traded investments not sold on any publicly securities exchanges. Due to their private nature, these alternative types of investments are very poorly regulated. Many less than scrupulous securities brokers take advantage of this fact as it provides them ample opportunity to misrepresent alternative investments as safe and consistently lucrative. Unfortunately, the truth is that these types of investments are incredibly risky and illiquid investments that are prominently recommended to investors out of a conflict of interest created by the excessively high commissions that brokers receive when successfully recommending these products. Commissions for these products can be as high as ten percent of the investor’s principal investment. These excessively high commissions, compounded with additional upfront fees, drain an investor’s principal investment beyond the point of seeing desired returns.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Jeffrey Dixson, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
