James J. Nixon—Failure to Provide Proper Written Notice to His Broker-Dealer

investment fraud attorney ClevelandJames J. Nixon Allegedly Failed to Provide Prior Proper Written Notice to His Broker-Dealer Before Selling $600,000 of Convertible Promissory Notes

Have you purchased convertible promissory notes from James J. Nixon? If so, you should know that the Peiffer Rosca Wolf securities lawyers are currently investigating James J. Nixon and his alleged failure to provide proper prior written notice to his broker-dealer, Source Capital.

James J. Nixon allegedly failed to provide prior written notice to broker-dealer, Source Capital, before selling $600,000 of convertible promissory notes, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

James J. Nixon allegedly also distributed the exaggerated and misleading investor presentations which failed to disclose Nixon’s relationship with Source Capital, the AWC notes.

James J. Nixon Suspended and Fined $15,000 by FINRA for Allegedly Failing to Provide Prior Written Notice to Source Capital

Connecticut-based Source Capital broker James Nixon only provided notice once he had already provided investor presentations to approximately forty potential customers, and sold notes to three accredited investors in five transactions, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

As a result of the aforementioned behavior, Nixon allegedly violated FIRNA Rules, and has been fined $15,000 by FINRA and given a 3-month suspension from associating with any FINRA member firm in any capacity, the AWC notes.

One should also note that, according to the AWC, James Nixon neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to provide proper written notice to their broker-dealer. They are currently investigating James J. Nixon’s alleged failure to provide proper written notice to their broker-dealer. 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 J. Nixon’s alleged failure to provide proper written notice to their broker-dealer 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.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.