James Gregory Nixon Allegedly Received Loans and Gifts from Customers
Between January 2012 and October 2013, James Gregory Nixon allegedly accepted improper gifts including $5,000 in loans and $7,000 in monetary gifts from customers from his member firm, JP Morgan, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.
The Peiffer Rosca Wolf investor rights lawyers are currently investigating James Gregory Nixon, who also, according to the AWC, allegedly falsely reported on JP Morgan’s annual certification that he had not obtained loans or gifts from customers.
Moreover, Nixon, who first entered the securities industry in January of 2007 with a FINRA-regulated entity and was approved as a General Securities Representative on April 4, 2007, also allegedly provided materially false responses and misleading information to JP Morgan when questioned regarding the aforementioned loans and gifts, according to the AWC currently being poured over by attorneys Alan Rosca and Joe Peiffer.
As a result of Nixon’s alleged misconduct, he violated FINRA Rules which prohibit providing false and misleading information to one’s member firm, the AWC further notes. Consequently, following FINRA’s investigation, Nixon was terminated from JP Morgan on May 5, 2014.
In answer to Nixon’s alleged violations, FINRA has handed down a 12-month suspension from associating with any member of FINRA in any capacity, a fine of$20,000, and an order to pay restitution to in the amount of $4,550, plus interest.
Investment Fraud Attorneys Recovery Lawyers Investigating
The Peiffer Rosca Wolf investment fraud attorneys often represent investors who lose money as a result of investment fraud, or stockbroker misconduct. They are currently investigating the Nixon case, and the possibility of assisting any victims. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Nixon’s alleged misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: James Gregory Nixon
Status: INVESTIGATED by Peiffer Rosca.
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