Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Watson (Watson), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Watson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $450,000.00 on April 28, 2020.
Claimant purchased FS Energy & Power Fund and FS Investment Corporation III in November 2015. Claimant filed a written complaint with Respondent on February 3, 2020 alleging the investments were unsuitable. The complaint subsequently resulted in the referenced Arbitration filed with allegations of Breach of Fiduciary Duty; Violations of FINRA Rules, Breach of Contract and Negligence; and, Negligent Supervision.