Furgison Law Group investigates claims against James Jeffery Nixon

The securities fraud lawyers at Furgison Law Group are currently investigating claims against James Jeffery Nixon, Source Capital Group, Inc., and Bridge Capital Associates, Inc. The arbitration specialists at Furgison Law Group are investigating claims involving allegations of selling away, breach of fiduciary duty, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct.

FINRA fined and suspended James Jeffery Nixon

FINRA fined James Jeffery Nixon (CRD #1906798, Darien, Connecticut) $15,000 and suspended him from association with any FINRA member in any capacity for three months. Nixon consented to the sanctions and to the entry of findings that he engaged in private securities transactions before providing his member firm with detailed written notice of the transactions. The findings stated that Nixon failed to provide prior written notice to his firm before selling $600,000 of convertible promissory notes, and he provided detailed written notice to the firm only after he had already disseminated investor presentations to potential investors and completed sales to accredited investor in the transactions. Before Nixon disclosed the transactions to the firm, he invoiced the issuer for his services and thereafter, as required by the engagement letter, the issuer paid Nixon’s firm. Per the firm’s agreement with Nixon, it kept its portion of the fees and remitted the rest to Nixon. Thereafter, the firm terminated Nixon’s securities registrations. The findings also stated that the investor presentation for the promissory notes contained exaggerated and misleading statements about the issuer of the promissory notes, and failed to include a meaningful risk disclosure. A legend in certain versions of the investor presentation instructed potential investors not to rely on its contents and to rely exclusively on the offering’s private placement memorandum (PPM), when no PPM actually existed. Additionally, the investor presentation and Nixon’s transmittal emails did not mention Nixon’s firm or that the promissory notes were distributed through the firm, or disclose Nixon’s relationship with the firm. The suspension is in effect from February 1, 2016, through April 30, 2016. (FINRA Case #2013038289101)

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through James Jeffery Nixon, Source Capital Group, Inc., and Bridge Capital Associates, Inc., please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.