Altius Financial’s John Dixon Receives $250K Complaint

A recent investor complaint against Pocatello, Idaho financial advisor John Dixon (CRD# 4239339) alleges misrepresentation and suitability violations. Records maintained by the Financial Industry Regulatory Authority show that he is a broker and an investment advisor with Independent Financial Group, doing business as Altius Financial Group. 

Mr. Dixon’s BrokerCheck report discloses two investor complaints. The most recent, filed in November 2022, alleges that as a representative of Independent Financial Group and LPL Financial, he misrepresented material facts and made unsuitable recommendations involving variable annuity and real estate investments. The pending complaint alleges damages of $250,000.

In a statement included with the pending complaint’s disclosure, Mr. Dixon pushed back against the allegations, writing that they had been investigated ‘with no findings” by both FINRA and the Idaho Department of Insurance. “An initial review does not find evidence to support claims,” he added, stating further: “In addition, as noted above, the representative was not affiliated with IFG at any point during the period where the investments in question were made. IFG intends to defend the claim as without merit and without basis in fact.” 

An earlier investor complaint, filed in 2019, alleged the recommendation of unsuitable investments, fraud, misrepresentations of material facts, and breach of fiduciary duty. In 2020 the complaint reached a settlement of $21,500. In a statement included with the pending complaint’s disclosure, Mr. Dixon wrote that the claim was filed against his former member firm and that he did not contribute to the settlement. “I’ve always maintained, and my broker dealer agreed, that the investments at issue were suitable for the customer,” he concluded.

According to the Financial Industry Regulatory Authority, John Dixon holds 20 years of securities industry experience. Based in Pocatello, Idaho, he has been a broker and an investment advisor with Independent Financial Group since 2020, doing business as Altius Financial Group. His past registrations include LPL Financial, Bancwest Investment Services, Securities America, NYLife Securities, WM Financial Services, Waddell & Reed, Foresters Equity Services, and Fidelity Brokerage Services. Having passed four securities industry qualifying exams, he is licensed in California, Colorado, Idaho, Louisiana, Montana, Nevada, Utah,  Washington, and Wisconsin. (Information current as of December 13, 2022.)

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