The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims regarding unsuitable recommendations and violations of FINRA regulations. According to public records these allegations have been ongoing since September of 2015.
If you were a client of Jeffrey Raymond Dixson and Madison Avenue Securities and lost money in your account, we are interested in discussing a potential claim with you. Brokerage firms like Madison Avenue Securities have a responsibility to supervise all representatives who are registered through their firm. (See our video “Warning signs of a bad financial advisor”). Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. The brokerage firm is not only legally responsible for the acts of its agents, like Mr. Dixson, Madison Avenue Securities may also be liable for investment losses sustained by customers for a failure to supervise. The Securities Lawyers at Halling & Cayo, S.C. have recovered millions of dollars for investors across the country. (See our video “Do I need a lawyer for my FINRA Arbitration?”). Reviewing FINRA’s Broker Check, there have been 17 complaints against Mr. Dixson and Madison Avenue Securities has paid a total of $140,000 to settle those claims.
Mr. Dixson has customer disputes from 17 different clients claiming losses from unsuitable investments, here are 4 of them:
1. November 27, 2020, Customer Dispute:
The claimants allege unsuitable recommendations of GPB and other alternative investments, failure to supervise, and breach of fiduciary duty.
Damage Amount Requested: $195,000.00
2. April 6, 2021, Customer Dispute:
The claimant alleges unsuitable recommendations of alternative investments, including GPB Automotive.
Damage Amount Requested: $545,000.00
3. November 27, 2020, Customer Dispute:
Client alleges the broker made an unsuitable investment recommendations.
Damage Amount Requested: $151,507.00
4. November 16, 2020, Customer Dispute:
Client alleges the broker made unsuitable recommendations of alternative investments.
Settlement Amount: $200,000.00
Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.
He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.
Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.