{"id":1403,"date":"2014-02-21T21:41:27","date_gmt":"2014-02-21T21:41:27","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/02\/sec_charges_investment_banker_1"},"modified":"2022-03-11T08:59:49","modified_gmt":"2022-03-11T14:59:49","slug":"sec-charges-investment-banker-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-investment-banker-1\/","title":{"rendered":"SEC Charges Investment Banker in $950K Insider Trading Scam Involving Child Support Payments"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission has put out an emergency action against Frank “Perk” Hixon Jr., an investment banker based in New York. Hixon Jr. is charged with insider trading <\/a>that garnered him $950,000 in illicit profits that he purportedly used in lieu of making child support payments to the mother of his son. <\/p>\n

According to the regulator, Hixon Jr. regularly went into Destiny “Nicole” Robinson’s account and made trades using confidential information that he got from his job. Illegal trades or tips in three public companies’ securities were involved, including trading using nonpublic data about Titanium Metals Corporation before its merger announcement, trading prior to a number of big announcements by Westway Group, and trading in his firm Evercore Partners’ securities before record earnings were made public in early 2013. Hixon Jr. also allegedly made illegal trades in his dad’s brokerage account. <\/p>\n

However, when asked by his employer about the suspicious trading in both accounts, Hixon Jr. denied that he knew either his father or Robinson. He even swore in a declaration that he didn’t recognize the name of the city where his father had been residing for over a quarter of a century. Hixon Jr. has since been fired. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission has put out an emergency action against Frank “Perk” Hixon Jr., an investment banker based in New York. Hixon Jr. is charged with insider trading that garnered him $950,000 in illicit profits that he purportedly used in lieu of making child support payments to the mother of his son. According […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760],"tags":[],"class_list":["post-1403","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement"],"yoast_head":"\nSEC Charges Investment Banker in $950K Insider Trading Scam Involving Child Support Payments — Investor Lawyers Blog — February 21, 2014<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has put out an emergency action against Frank "Perk" Hixon Jr., an investment banker based in New York. 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