Bernard Waters is the Subject of a Six-Figure Dispute

Bernard Waters (CRD #: 1811175), a broker registered with Herbert J. Sims & Co., is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on December 20, 2023. Keep reading if you have questions about his alleged conduct. 

On November 13, 2023, an investor alleged that Bernard Waters recommended investments that were not in the best interest of the customer. The investor is seeking $100,000. 

Regulation Best Interest 

Regulation Best Interest (Reg BI) stipulates several requirements brokers must meet when recommending securities. For instance, brokers must employ reasonable care and skill to only recommend investments that are in their customers’ best interests and do their due diligence to understand how a financial product works. Furthermore, brokerage firms are required to take reasonable steps to eliminate conflicts of interest and disclose conflicts of interest to their customers.

Background Information 

Bernard Waters has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination 
• Series 28 Introducing Broker/Dealer Financial Operations Principal Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in seven states. 

During his 33 years of experience, Bernard Waters has registered with four firms: 

• Herbert J. Sims (CRD #: 3420) 
• Connecticut Capital Markets (CRD #: 28353) 
• BNE Capital Markets (CRD #: 22848) 
• BNE Financial Services (CRD #: 10151) 

Kurta Law Can Help 

If you have worked with Bernard Waters and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.