Jim Dickson was terminated by the Sanctuary Wealth Group board as its CEO over misconduct allegations, in accordance with a Type U5 regulatory submitting by the corporate.
The board reached that call after receiving data offering proof that Dickson “had not performed himself in accordance with the necessities of his employment contract and his duties and obligations as CEO,” in accordance with the submitting.
Sanctuary began internally investigating the allegations on Jan. 23 and the evaluate is ongoing, in accordance with the submitting.
Sanctuary disclosed Feb. 3 that it appointed present board member Adam Malamed to be its new CEO, changing Dickson. The corporate didn’t say on the time why it terminated Dickson, who based the agency in 2018 as a part of a gaggle that acquired Indianapolis broker-dealer David A. Noyes & Co. and altered its title to Sanctuary.
Brian Hamburger, Dickson’s legal professional, mentioned in a press release on behalf of Dickson that he denied the allegations towards him.
