Charles Albert Dixon Jr. was a Texas based securities broker. He worked in the securities industry for twenty-eight years. During his career, he was registered with five different securities firms.
His registrations included; Blinder, Robinson & Co., Fidelity Brokerage Services (1987-1988), Lehman Brothers Inc. (1988-1994), Painewebber Incorporated (1994-1999), and Morgan Stanley (1999-2017). He is no longer working as a registered securities broker in any fashion.
Charles Albert Dixon Jr.’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In May 2006, a customer alleged that Dixon churned her accounts and made highly unsuitable investments. The alleged transgressions taking place between 1999 and 2004. This case was settled for $99,900 in damages.
In October 2016, a customer alleged unauthorized trading. The alleged transgressions taking place between June 2013 and July 2016. This case was settled for $225,000 in damages.
In March 2017, he was terminated from his position at Morgan Stanley. This followed allegations that he exercised discretiony trading in customer accounts without written authorization from the customer or having the firm accept the accounts as discretionary. FINRA eventually opened up an investigation into the matter. After Charles Albert Dixon Jr. allegedly failed to comply with FINRA’s request for on-the-record testimony, he was barred from acting as a securities broker in any fashion.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Charles Albert Dixon Jr., please contact Oakes & Fosher for a free and private consultation.