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FINRA Suspends Khalil Watts

Mar 17, 2023 FINRA Suspension

Khalil Watts (CRD #: 7214340), a broker formerly registered with J.P. Morgan Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on March 6, 2023. Read on if you want to know more about his alleged conduct as a broker.

2023 FINRA Suspension

On January 4, 2023, FINRA issued a Letter of Suspension alleging Khalil Watts failed to respond to requests for information. His suspension took effect on January 30, 2023, and will continue until the requested information is received or the suspension converts to a bar.

FINRA Rule 9552

FINRA Rule 9552 penalizes members who fail to provide documents, information, or testimony requested by FINRA with a suspension. This suspension converts to a bar if the member fails to request an end to their suspension within three months.

2022 FINRA Suspension

On May 24, 2022, FINRA issued a Letter of Suspension for Khalil Watts after he allegedly failed to respond to requests for information. His suspension ran from June 17 to September 9, 2022.

Termination from J.P. Morgan Securities

On January 30, 2021, Khalil Watts was fired by JPMorgan Chase Bank following allegations that he participated in an unapproved outside business activity.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose any business activities they engage in outside their firm, as well as any compensation they may receive from these activities.

Other business activities

Khalil Watts’ detailed BrokerCheck report currently lists one outside business activity: he is an employee/contractor of VV43 Spirits, a company that distributes wine and spirits.

Background Information

Khalil Watts has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 6TO – Investment Company Products/Variable Contracts Representative Examination
  • SIE – Securities Industry Essentials Examination

He previously worked for J.P. Morgan Securities (CRD#:79).

Kurta Law Can Help

If you worked with Khalil Watts and you have concerns about your investments, please contact us today at 877-600-0098 or 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.