Former Morgan Stanley Broker Charles Dixon Barred by Regulators Over Failure to Comply with Investigation

The investment loss attorneys at Meyer Wilson are interested in speaking with investors who may have suffered losses due to the wrongdoings of former Morgan Stanley broker Charles Dixon. Dixon was recently banned from the securities industry because he refused to appear and give testimony when requested by the Financial Industry Regulatory Authority (FINRA). FINRA was investigating allegations that Dixon used discretion to make trades without the proper prior written authorization.

Dixon was discharged from his employment with Morgan Stanley in Houston, Texas in March of 2017 for these allegations of unauthorized trading. He had been with Morgan Stanley since 1999.

According to Dixon’s FINRA BrokerCheck report, he has two settled customer disputes. In 2006, a customer alleged that Dixon invested in allegedly unsuitable investments and churned her accounts, and in 2016, Dixon received another complaint from a customer alleging that Dixon executed trades without the written consent of a customer.

In any non-discretionary brokerage account, financial advisors like Dixon must get client authorization before making any trades in the client’s account. Brokers who fail to do so are engaging in unauthorized trading, and they and their brokerage firms may be held liable for any damages sustained as a result of the unauthorized trading. It is a violation of industry rules and a breach of the standard of care that is owed to customers of financial advisors.

If you invested with Charles Dixon and suspect that he may have engaged in unauthorized trading and you have suffered financial losses as a result, Meyer Wilson is interested in speaking with you. Call our investment loss attorneys today at 888-390-6491 to schedule a free, no obligation case evaluation.

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