Christopher Neil Watkins, Formerly of LPL Financial, Terminated for Allegedly Sharing Advisory Fees with Unregistered Party

Subsequent to his termination by LPL Financial, Christopher Neil Watkins received a customer complaint for “unsuitable investments.”

The Sonn Law Group is investigating claims that Christopher Neil Watkins recommended unsuitable investments to clients. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

Christopher Neil Watkins (CRD#: 4456445)was employed by LPL Financial, LLC from 2011 through 2018 when he was terminated based on allegations that he facilitated the distribution of advisory fees to an unregistered person. Despite the allegations, Watkins denied that he ever shared fees saying, “[a]ny advisory fee monies payable to or received by me ended up in the firm’s bank account and were used for firm expenses, including payroll and other overhead.”

In August 2019, a customer complaint was filed against Watkins for recommending unsuitable investments seeking $115,000. The dispute is still pending. Since his termination, Watkins has been employed by Silver Oak Securities in Louisville, Kentucky.

Prior to being a broker for LPL Financial, he was employed the following: PNC Capital Markets in Louisville, Kentucky from November 2009 to March 2011; Natcity Investments, Inc. in Louisville Kentucky from November 2004 to November 2009; and Edward Jones in St. Louis, Missouri from November 2001 to October 2004.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional recommended that you invest in GPB Capital, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.


Se Habla Español

Contact our office today to discuss your case. You can reach us by phone at 844-689-5754 or via e-mail. To send us an e-mail, simply complete and submit the online form below.