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Did You Invest In KGTA Petroleum With Broker, Jeremy Hixson, Formerly With US Bancorp Investments?

JEREMY SHAWN HIXSON (also known as: JEREMY HIXSON, JERRY S HIXSON, JERRY SHAWN HIXSON, JERRY HIXSON) CRD#: 2685988, a 45 year-old former registered representative and investment advisor for U.S. Bancorp Investments, Inc. BARBERTON, OH, was barred by both FINRA and the SEC from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.

On May 10, 2016, Jeremy Hixson pleaded guilty to one count of bankruptcy fraud and two counts of making false statements before the Northern US District Court of Ohio. On August 3, 2016, a judgment in his criminal case was entered and Hixson was sentenced to three years of probation, with the first eight months on home confinement. Hixon was also ordered to pay restitution of $73,794.32.

In connection with the plea, Jeremy Hixson admitted he concealed from the Trustee and creditors, in connection with a case under the Bankruptcy Code, a $125,000 payment he received, and Hixon also failed to disclose his interest in a limited liability company and list its investors as unsecured creditors.

Allegedly, Jeremy Hixson made false statements to the staff of the Commission in connection with an investigation concerning a fraudulent investment scheme involving KGTA Petroleum, Ltd. (KGTA). Hixson reportedly said that his girlfriend had established a company called Quest Innovations, LLC and had sole control over Quest's bank accounts, when allegedly Hixson had established Quest for the sole purpose of accepting fees from KGTA, and he controlled Quest's bank accounts.

Additionally, according to the SEC documents, Hixson made false statements to FBI agents denying conversations with Jeffrey Gainer, a participant in the KGTA scheme.

In July 2015, according to his FINRA BrokerCheck, following a customer dispute there was a settlement awarded to a client in the amount of $650,000. This was due to allegations of misrepresentation, negligence, unsuitability, and failure to supervise. This particular claimant invested in a venture between 2011-2012 alleged to be fraudulent on the advice of Hixson.

According to FINRA's BrokerCheck, JEREMY HIXSON had 17 years of experience in the securities industry and was listed with 7 firms, the three most recent listed below:

07/20/2010 - 08/20/2014 US BANCORP INVESTMENTS, INC - BARBERTON, OH

01/14/2010 - 04/27/2010 FIRSTMERIT FINANCIAL SERVICES, INC - BARBERTON, OH

10/30/2007 - 01/14/2010 INVEST FINANCIAL CORPORATION - BARBERTON, OH

If you were a client of broker/financial advisor, JEREMY HIXSON, formerly with US BANCORP INVESTMENTS, INC of BARBERTON, OH and experienced losses due to his actions, recommendations, or lack of supervision, call Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of you financial losses at: 888-760-6552.

Soreide Law Group operates on a contingency fee basis and we represent clients nationwide before FINRA. Let our years of experience work for you.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.