Legal News

The Brazen New York Investment Banker Known as “Perk”
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Frank Perkins Hixon Jr is the brazen New York investment banker known as “Perk.” The Former investment banker at Evercore Group Frank Perkins Hixon Jr, according to Bloomberg News, was an Evercore managing director until January, when he was arrested. Frank Perkins Hixon Jr, 55, was charged with insider trading. Insider trading is the act of profiting off of non-public information by those with a fiduciary duty to the company and its shareholders. Perk Hixon was accused of using inside information to arrange trades in the stocks of Evercore and two other companies in accounts that were held by Frank Hixon’s ex-girlfriend, Destiny Robinson, 36, and Frank Hixon Sr, his own 80-year-old father, according to court records.

“Perk” Hixon, an investment banker for 26 years, had just been caught using illegal inside information from 2010-2013, trading shares through the accounts of his ex-girlfriend and through his father. It has been reported that Hixon used some of the illegal cash to pay child support to his ex-girlfriend, who is also the mother of his 5-year-old daughter, according to the Securities and Exchange Commission civil suit. When his firm confronted him about the trading conducted in these accounts, Hixon Jr. pretended not to recognize the names of his father or his child’s mother.


“Text messages between Hixon Jr. and Robinson suggest he was generating the illegal proceeds in lieu of formal child support payments,” the U.S. Securities and Exchange reported in a statement. The stock of Evercore itself, yielded almost $1 million in profits, the Govermnent has stated.

The New York Post has reported that Frank Perkins Hixon Jr who is a graduate of Harvard Business School, was charged with seven counts of fraud and one count of making false statements. If convicted, Frank Perkins Hixon Jr faces 20 years in prison on the fraud charges and five years on the false statements charge. The New York Times has reported that The S.E.C. is seeking financial penalties.

Evercore’s statement reads, “We have never had a situation like this before in Evercore’s nearly 20-year history — this conduct is completely inconsistent with our culture and professional standards.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

“As we have often said those like Frank Perkins Hixon, Jr., who illegally manipulates the market by allegedly trading on material non-public information exploit law-abiding investors and traders,” Preet Bharara, the United States attorney in Manhattan, said in a statement. “In this case, the alleged wrongdoing was compounded, when Hixon tried to evade detection by lying to investigators and to his company.” Neither Frank Perkins Hixon nor his lawyer responded to a request for comment.

Image Credit:


Interesting Legal Sites You May Like




Search Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid-level litigation attorney with experience taking/defending dep...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

Patent Prosecution Attorney


Northville office of our client seeks patent prosecution attorney with 5 years of experience. The ca...

Apply Now



Wheeling office of our client seeks attorney preferably with 1-3 years of WV litigation experience. ...

Apply Now


Attorney - Insurance Defense


Downtown litigation law firm seeks associate with 3 to 5 years of experience in insurance defense, i...

Apply now

Legal Secretary-Cannabis Law Firm


Vora, PLLC. Is accepting applications for a Legal Secretary or Paralegal. We are a cannabis law firm...

Apply now

Paralegal- Cannabis Law Firm


Vora, PLLC. Is accepting applications for a Paralegal or Legal Secretary. We are a cannabis law...

Apply now

Legal Administrative Assistant


Under the general direction of the supervising attorney(s) and according to established Firm policie...

Apply now


To Top