he Florida-based Soreide Law Group obtained the following information on Michael Patrick Nixon, a Tampa, Florida broker, from FINRA’s website under, “Disciplinary and Other FINRA Actions October 2019.”
Michael Patrick Nixon (CRD #2169631, Indian Shores, Florida) was fined $5,000 and suspended from association with any FINRA member in all capacities for 15 business days.
According to FINRA, without admitting or denying the findings, Michael Patrick Nixon consented to the sanctions and to the entry of findings that although his clients had authorized him to make purchases, he allegedly exercised discretionary trading authority on their behalf without their prior written authorization and without written approval from his member firm.
FINRA’s findings alleged that after some of the discretionary trades had taken place, Michael Patrick Nixon stated on an annual compliance questionnaire submitted to the firm that he had not exercised discretionary trading authority in any of his client’s accounts.
FINRA’s suspension was in effect from September 24, 2019, through October 14, 2019. (FINRA Case #2018056269002)
According to FINRA’s BrokerCheck, Michael Patrick Nixon has 5 Disclosures on his CRD report, 2 of the 5 Disclosures are Customer Disputes. Nixon has been in the securities industry for 27 years and was listed with 12 firms. He is currently listed with the following firm:
PAULSON INVESTMENT COMPANY LLC
4905 W Laurel Street Suite 101
Tampa, FL 33607
The following firms are some of the recent firms Michael Patrick Nixon had been previously registered:
06/26/2012 – 01/06/2016 NEWPORT COAST SECURITIES INC – LEEBURG, VA
FINRA expelled the firm on 06/25/2018
10/10/2011 – 02/19/2013 MEYERS ASSOCIATES LP – LEESBURG, VA
FINRA expelled the firm on 05/29/2018
07/01/2010 – 10/10/2011 ANDERSON & STRUDWICK, INC – LEESBURG, VA
11/25/2008 – 07/07/2010 JESUP & LAMONT SECURITIES CORP – LEESBURG, VA
FINRA expelled the firm on 11/04/2010
If you’ve suffered investment losses due to the actions or recommendations of Paulson Investment Company of Tampa, Florida broker, Michael Patrick Nixon, contact Soreide Law Group, based in Florida, and speak to a lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide on a contingency fee basis—no fee if no recovery.