Peyton Jackson, formerly of Alexander Capital, Subject of Another FINRA Complaint
Have you lost money with financial advisor Peyton Jackson of New York, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Peyton N. Jackson. FINRA previously suspended Jackson for six months from the securities industry regarding allegations about failing to disclose outside business activities with his brokerage firms, including Dawson James Securities and Legend Securities.
FINRA alleged that Peyton Jackson engaged in undisclosed outside business activities, including investment banking, investor relations, and engaging in business development in Eastern Europe. It was also alleged that Jackson failed to disclose an outside brokerage account, in violation of FINRA Rules. To settle these allegations, Peyton Jackson agreed to a six month suspension and a $20,000 fine.
FINRA is now seeking to bar Jackson from the securities industry after he failed to respond to a second investigation. FINRA’s second investigation stems from numerous customer complaints that have been filed against him.
Peyton Jackson was a financial advisor and registered representative of Dawson James Securities from January 2010 to March 2011. He was also affiliated with Legend Securities from March 2011 to December 2012, and with Alexander Capital from December 2012 to April 2015. He worked at a branch office in New York, New York. Jackson currently has 13 customer complaints on his record, including allegations that he made unsuitable investment recommendations, churned (or excessively traded) accounts, and that he made misrepresentations in connection with the sale of private placements.
Brokerage firms like Dawson James Securities, Legend Securities, and Alexander Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Legend Securities.
Click to view: Jackson, Peyton FINRA Complaint April 2017
Click to view: Jackson FINRA AWC (1)
Click to view: Jackson BrokerCheck 5.2.16 (1)
If you lost money with Peyton Jackson, Alexander Capital, Legend Securities, or Dawson James Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.