Michael Nixon, Financial Advisor Michael Nixon Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Michael Nixon CRD #2169631
Michael Nixon is a financial advisor who is licensed with Paulson Investment Company LLC. According to FINRA, Michael Nixon was fined $5,000 and was suspended from the securities industry for fifteen days in August 2019.
According to FINRA Allegations:
Between May 2017 and May 2018, Michael Nixon exercised discretionary trading authority on behalf of Michael Nixon’s customers without prior written authorization from the customers and written approval from Paulson Investment Company LLC, in violation of NASD Rule 2510(b) and FINRA Rule 2010.
According to Michael Nixon’s CRD:
An arbitration claim alleging sales practice violations against Michael Nixon was filed alleging violation of the Florida Securities Act, the Virginia Securities Act, common law fraud, securities fraud, breach of fiduciary duty, securities recommended and purchased were unsuitable, respondent negligently recommended unsuitable investments and negligently supervised representatives and investments, breach of contract, and Newport, Paulson and Onesto liability for their agent. Activities leading to the allegations occurred between 2013 to 2018. This customer dispute is pending and seeks $3,000,000 in damages.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Michael Nixon and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Michael Nixon’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Michael Nixon and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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