Discharged Morgan Stanley Broker Charles Albert Dixon Is Permanently Barred By FINRA

Former broker Charles Albert Dixon, Jr. (CRD# 1660422) has been permanently barred by FINRA after a disciplinary action that was signed and completed on 1/22/2018. He is no longer allowed to work as a broker, associate with another broker or be affiliated with a broker-dealer firm. Dixon was discharged by his employer, Morgan Stanley Smith Barney, LLC (CRD#149777) of Houston, TX. He was registered with Morgan Stanley from 06/01/2009 to 04/17/2017.

Dixon was previously registered as a broker with:

Morgan Stanley & Company, Incorporated (CRD# 8209), Houston, TX, from 04/02/2007 to 06/01/2009
Morgan Stanley DW, Inc., (CRD# 7556), Houston, TX, from 11/05/1999 to 04/02/2007
PaineWebber Incorporated, (CRD# 8174), Weenhawken, NJ, from 06/01/1994 to 11/18/1999
Lehman Brothers, Inc., (CRD# 7506), New York City, from 10/31/1988 to 05/20/1994
Fidelity Brokerage Services, (CRD# 7784), from 12/14/1987 to 03/02/1988
Blinder, Robinson & Company, Inc. (CRD# 5096), from 07/22/1987 to 08/14/1987

On 10/17/2016, a customer filed a dispute alleging “unauthorized trading, inter alia [‘among other things’] June 2013- July 2016.” The customer requested damages of $500,000, and the firm settled for $225,000.00. On 3/21/2017, Dixon was discharged by Morgan, Stanley for “Allegations regarding registered representative’s conduct with regards to the use of discretionary trading without written authorization and conduct related to a customer complaint.” Morgan, Stanley then requested termination of Dixon’s affiliation as of 3/21/2017.

After an investigation, FINRA barred Dixon permanently from being a broker or affiliated with a financial services firm. In a phone call on January 8, 2018, Dixon acknowledged receipt of FINRA’s requests. He refused to appear for FINRA-requested on-the-record testimony to discuss the allegations. Without affirming or denying the allegations, he submitted a “Letter of Acceptance, Waiver & Consent” (AWC) for facilitating and proposing a settlement. Dixon signed the letter on January 16, 2018. It was accepted by FINRA’s regional office in New Orleans on January 22, 2018, and signed by Senior Regional Counsel Laura Leigh Blackston.

As a broker, Dixon had no prior disciplinary history, but is still subject to FINRA regulations for two more years. He is barred from being a FINRA member in any capacity, including clerical or ministerial functions.

Dixon’s previous customer dispute was filed on 5/22/2006, and alleged that he “churned” a client’s accounts (excessive trading to generate additional commissions) and “invested in allegedly unsuitable investments from late 1999 to 2004.” The client requested damages in the amount of $250,000; the firm settled the case for $99,900.00.

Contact Our Firm if You’ve Invested with Charles Albert Dixon

If you invested money or engaged in any business with Charles Albert Dixon, and have questions about how your money was handled, we can help. Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. Most cases handled on a contingent fee basis. This means that you won’t pay legal fees unless we are successful. Call us toll free at 800-975-4345 or user our online contact form to get in touch.