Christopher Watkins Allegedly Overcharged for Commissions
Christopher Watkins (CRD #: 2376887) is the subject of a FINRA suspension. This is according to his BrokerCheck record, accessed on June 3, 2024. Investors should know that this is the fourth regulatory action on his record.
Investor Allegations
On March 28, 2024, Christopher Watkins entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he charged customers more than a fair commission on equity transactions by failing to consider all factors relevant to the fairness of those commissions. According to the AWC, the commissions were not justified by market conditions, execution cost, the provision of any special brokerage services, or the value of any brokerage services justified by Christopher Watkins’ knowledge of the securities market. He allegedly overcharged customers by $42,768.72.
As part of the terms AWC, Christopher Watkins consented to a $42,768.72 restitution payment, a $15,000 fine, and a two-month suspension. You can read a copy of the AWC here.
Background Information
Christopher Watkins has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Series 99TO Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 14 Compliance Officer Examination
- Series 27 Financial and Operations Principal Examination
- Series 24 General Securities Representative Examination
During his 30 years of experience, he has registered with six firms:
- Watkins Financial Services (CRD #: 103933)
- Emmett A Larkin Company (CRD #: 6625)
- Fortress Financial and Pension Services (CRD #: 17667)
- Dain Rauscher Incorporated (CRD #: 31194)
- Dain Rauscher Incorporated (CRD #: 7600)
- Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #: 7691)
Kurta Law Can Help
If you have worked with Christopher Watkins and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.
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