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David Hixon Allegedly Failed to Respond to FINRA Requests for Information

Mar 7, 2022 Suspended Broker

David Hixon (CRD #: 4707468), a broker formerly registered with Morgan Stanley, was recently suspended for allegedly failing to respond to FINRA requests for information, according to his BrokerCheck Record accessed on February 16, 2022. David Hixon's alleged conduct is a violation of FINRA Rule 8210.

FINRA Rule 8210 requires members to provide information under oath, if requested, regarding any matter that pertains to an investigation, complaint, examination, or proceeding. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to "observe high standards of commercial honor and just and equitable principles of trade."

Sanctions

David Hixon was suspended on January 7, 2022. If David Hixon fails to request termination of the suspension within three months of the date of the Notice of Suspension, he will automatically be barred on March 17, 2022. 

Employment Termination Details

On March 1, 2021, Morgan Stanley Smith Barney fired David Hixon after he allegedly borrowed money from a customer.

A broker may only borrow from or lend to one of their firm's customers if that member firm has written procedures permitting borrowing from customers. If there are written guidelines, the broker in question must follow all of those internal requirements together with the stipulations stated in FINRA Rule 3240

A violation of FINRA Rule 3240 also constitutes a violation of FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade in the conduct of their business.

Background Information

David Hixon has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 10 - General Securities Sales Supervisor - General Module Examination
  • Series 9 - General Securities Sales Supervisor - Options Module Examination

Besides Morgan Stanley, David Hixon has also worked with Proequities (CRD#:15708) and Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help 

If you have been victimized by David Hixon as a broker, don't hesitate to get in touch with us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.