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Christopher Watkins Allegedly Made Unsuitable Investment Recommendations

Aug 4, 2022 Unsuitable Investments

Christopher Watkins (CRD #: 4456445), a broker registered with Silver Oak Securities, is involved in a pending dispute, according to his BrokerCheck record, accessed on July 22, 2022. Investors may also have engaged Christopher Watkins’ services through Magnate Advisory Services. Read on to learn more about Christopher Watkins’s conduct as a broker.

Investor Dispute

On June 28, 2022, an investor alleged Christopher Watkins gave unsuitable investment recommendations. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Brokers must examine the characteristics described in the investor’s profile, including the following:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Discharge from LPL Financial

On November 30, 2018, LPL Financial fired Christopher Watkins after he allegedly facilitated the distribution of money from advisory fees to an unregistered person.

Background Information

Christopher Watkins has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He is a registered broker in Kentucky and Texas and a registered investment adviser in Kentucky.

He has also worked for the following firms:

  • LPL Financial (CRD#:6413)
  • PNC Capital Markets (CRD#:15647)
  • Natcity Investments (CRD#:17490)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Christopher Watkins and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.