January 8, 2016- Rowayton, CT
James J. Nixon entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that while associated with Bridge Capital Associates he failed to provide written notice to the firm before selling $600,000 of convertible promissory notes. Offering securities to investors that have not been approved for sale by the company is called ‘selling away’ and generally leads to regulatory sanctions against the broker.
Investors purchasing these unapproved investments may be able to recover losses from the brokerage firm employing the broker.
AWC No. 2013038289101
Nixon was fined $15,000 and suspended in all capacities for three months.
According to FINRA records Nixon was registered with Bridge Capital Associates from 12/2007-9/2013. He is currently registered with Source Capital Group.
If you have questions about losses in your stock brokerage account, call to discuss your options with an experienced securities attorney.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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