Jeffrey Raymond Dixson of Vancouver Washington a stockbroker formerly registered with Madison Avenue Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that (1) due diligence was not adequately performed on alternative investments including GPB that had been sold to the customer by Dixson (2) the stockbroker’s alternative investment sales were not appropriate for the customer (3) Madison Avenue Securities failed to supervise Dixson’s activities and (4) the customer fell victim to elder abuse and suffered unwarranted losses because of the stockbroker. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00316 (Feb. 10, 2020).
FINRA Public Disclosure reveals that Dixson is referenced in seven more customer initiated investment related disputes containing allegations of his wrongdoing while associated with securities broker dealers including Bankers Life Securities and Madison Avenue Securities. On April 13, 2016, a customer initiated investment related complaint concerning Dixson’s activities was resolved for $140,000.00 in damages founded on accusations of the stockbroker failing to tell the customer about the implications of withdrawing funds from a variable annuity and for giving the customer bad investment recommendations in regard to annuities during the time that he was employed by Madison Avenue Securities.
Dixson is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified compensatory damages supported by allegations that the customer was subject to elder abuse by the stockbroker in regard to the customer’s purchase of alternative investments including real estate securities between 2011 and 2017. FINRA Arbitration No. 19-02814 (Sept. 19, 2019). According to the claim, transactions that were facilitated in the customer’s account by the stockbroker were not suitable and had failed to comply with Oregon securities laws and FINRA Rules 2111 and 2110. A fiduciary duty had allegedly been breached by the stockbroker and information relating to the customer’s alternative investment transactions was concealed from the customer or otherwise misrepresented. The claim also alleges the lack of due diligence and negligence with respect to these direct investment transactions.
Dixson is also the subject of a customer initiated investment related arbitration claim where the customer sought $150,000.00 in damages based upon accusations of negligent and unlawful real estate security and annuity sales. The claim alleges that Dixson breached a fiduciary duty that he owed to the customer and had placed the customer in unsuitable investments while he was associated with Madison Avenue Securities. FINRA Arbitration No. 19-03475 (Nov. 27, 2019).
Dixson has also been fined $6,000.00 by the State of Washington Office of the Insurance Commissioner based upon accusations that he offered or sold unauthorized variable annuities to residents in Washington. Order No. D07-0331. The Office of the Insurance Commissioner indicated that customers’ annuity applications had been misrepresented by the stockbroker.
Dixson’s employment with Madison Avenue Securities has been terminated as of December 31, 2019.
