FINRA Sanctions David Hixon

Soreide Law Group is investigating possible investor claims against securities broker David Hixon (also known as David Thomas Hixon) [CRD: 4707468, Scottsdale, AZ]. Notably, FINRA sanctioned the securities broker, who worked for Morgan Stanley. Allegedly, Hixon failed to provide information and documents to FINRA when it investigated potential FINRA rule infractions. Here is a brief summary of FINRA’s allegations against David Hixon.

FINRA Sanctions Hixon For Failure To Provide Information

Evidently, on July 20, 2022, FINRA issued Case: 2021070867702 sanctioning David Hixon for infractions. Specifically, David Hixon was barred as a stockbroker, but he is appealing this decision. Notably, FINRA alleged that David Hixon failed to disclose information and documents when FINRA investigated potential rule infractions. The regulator’s rules call for brokers to cooperate in these regulatory investigations or else face sanctions including a possible bar (most serious sanction) as securities broker. FINRA’s investigation concerned Hixon’s termination as securities broker for allegedly borrowing client funds.

FINRA Sanctions Hixon For Failure To Respond To FINRA

Also, on January 7, 2022, FINRA issued Case: 2021070867701 sanctioning Hixon for infractions. Specifically, Hixon was issued a suspension because Hixon failed to respond to FINRA’s request for information.

Morgan Stanley Disaffiliates With Hixon For Client Loan

Evidently, on March 1, 2021, Morgan Stanley disaffiliated with David Hixon. Morgan Stanley alleged that Hixon borrowed client funds.

David Hixon Disclosed Misrepresentation Allegations By Morgan Stanley Client

Additionally, a client of Morgan Stanley contested Hixon’s sales practices, according to a complaint. Allegedly, Hixon made misrepresentations to the client. Supposedly, Hixon caused the client to sustain damages on variable annuities. Therefore, Morgan Stanley opted to settle the matter on February 22, 2021, by compensating the client in the amount of $10,615. However, the firm and securities broker admit no liability in this settlement.

Hixon Employment Information

Hixon worked for Morgan Stanley in Scottsdale, AZ, as a securities broker from June of 2013 to March of 2021.

Did Morgan Stanley Securities Broker David Hixon Cause You To Experience Damages?

Did you suffer damages because of securities broker Hixon? Get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors in the United States, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Hixon and brokerage firms Hixon worked for deny any and all allegations of sales practice violations.