Soreide Law Group, based in South Florida, obtained the following information from FINRA’s Disciplinary Report June 2017 on South Florida broker:
Leon Edward Dixon (LEON E DIXON) (CRD #723675, Miami, Florida)
was assessed a deferred fine of $7,500 and suspended by FINRA for five months for allegedly participating in private securities transactions without notifying his member firm.
FINRA’s findings stated that Dixon invested approximately $18,000 in a private start-up company that purports to offer broadband and telecommunications services. Dixon allegedly solicited firm clients to invest in the company and facilitated those investments, including assisting the clients with sending payment checks to the company. The clients invested approximately $181,500 in the company, and Dixon received approximately $15,000 from the company in connection with his participation in the private securities transaction.
Also, FINRA stated that in addition, in annual compliance questionnaires for 2014, 2015 and 2016, Dixon allegedly inaccurately indicated that he had not participated in any private securities transaction.
FINRA’s findings stated that Dixon failed to timely disclose a civil judgment and failed to disclose an unsatisfied tax lien on his Form U4.
The suspension is in effect from April 17, 2017, through September 16, 2017.
(FINRA Case #2016051430401)
According to FINRA’s BrokerCheck, LEON E DIXON has 6 disclosures on his report. Dixon was discharged from Axa Advisors in September 2016 after the allegations surfaced. LEON E DIXON worked in the securities industry for 35 years and was listed with 2 firms, the following is the most recent:
04/20/1987 - 09/21/2016 AXA ADVISORS, LLC - MIAMI, FL
If you were a client of former Axa Advisors of Miami broker, LEON E DIXON, and experienced losses due to his actions or recommendations, call Soreide Law Group, based in South Florida, for a no-cost consultation with an experienced securities lawyer regarding the possible recovery of your investment losses at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and we represent clients nationally before FINRA. Let our experience work for you.
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