William Herman Dixon (also known as Bill Dixon) of Charlotte North Carolina a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he obstructed FINRA’s investigation into his potential use of fake customer signatures. Letter of Acceptance Waiver and Consent No. 2019064188001 (May 11, 2021).
According to the AWC, FINRA learned in October of 2019 from Securities America that Dixon had been terminated as stockbroker given accusations of his use of illegitimate customer signatures. Securities America discharged Dixon on September 16, 2019 founded on allegations that he signed a customer’s initials and signature on Prudential annuity surrender documents. The securities broker dealer also relayed that Dixon admitted to the misconduct. Dixon violated Securities America’s procedures and policies relating to customer signatures.
Securities America’s disclosure to FINRA prompted the regulator to investigate him. The AWC stated that on April 1, 2021, FINRA asked Dixon to hand over documents and information so that it could figure out whether he did as Securities America alleged.
Dixon refused to cooperate with FINRA’s request. The stockbroker’s lawyer informed FINRA that there would be no documents provided. Dixon violated FINRA Rules 2010 and 8210 for his refusal.
FINRA Public Disclosure reveals that Dixon has been identified in two customer initiated investment related disputes concerning accusations of his misbehavior at Wall Street Financial Group. Dixon is the subject of a customer initiated investment related written complaint in which the customer requested compensatory damages based upon allegations of the customer not being made aware of sales charges on variable annuity and mutual fund transactions.
On September 8, 2016, another customer filed an investment related complaint involving Dixon’s conduct where the customer sought $8,422.49 in damages supported by accusations that they were sold an unsuitable Prudential variable annuity during the time that Dixon was associated with Wall Street Financial Group.
Dixon was associated with Securities America between September 23, 2016 and October 8, 2019. Between October 7, 2019 and May 11, 2021, he was registered with Southeast Investments NC Inc.
