Lance Colby Watson, Broker with Dominion Investor Services, Named in Customer Dispute Alleging Losses in Customer Accounts

INVESTORS: Dominion Investor Services broker Lance Colby Watson was named in a customer dispute alleging losses in customer accounts.

Lance Colby Watson (CRD#: 4440958) is registered as a broker with Dominion Investor Services, where he has been employed since 2017. Watson was previously registered as a broker and investment adviser with LPL Financial.

Watson has six disclosures on his BrokerCheck report. One customer dispute filed against Watson was denied.

March 2021 Customer Dispute

Status: Settled

Allegations: Losses in accounts from September 2018 to December 2018.

Damage Amount Requested: $150,000.00

Settlement Amount: $150,000.00

March 2020 Customer Dispute

Status: Settled

Allegations: The Investment Advisor Representative strayed from the client’s objectives which resulted in losses in the accounts. Activity dates were September, 2018 to October, 2019.

Damage Amount Requested: $188,000.00

Settlement Amount: $188,000.00

November 2019 Customer Dispute

Status: Settled

Allegations: Deviated from the client’s stated objectives in the fall of 2018.

Damage Amount Requested: $40,009.42

Settlement Amount: $40,009.42

November 2019 Customer Dispute

Status: Settled

Allegations: Deviated from the client’s stated objectives in the fall of 2018.

Damage Amount Requested: $82,190.82

Settlement Amount: $82,190.82

November 2014 Customer Dispute

Status: Settled

Allegations: Breach of fiduciary duty, negligence, breach of contract, fraud, misrepresentation, failure to supervise, negligent hiring and violations of the conduct rules of FINRA.

Damage Amount Requested: $150,000.00

Settlement Amount: $11,500.00

Broker Comment: Amount of contribution is amount financial advisor is required to pay under his FA agreement. The total amount contributed may be offset by any errors and omissions insurance if covered.

If you have any information about Lance Colby Watson that you would like to share or discuss, please call our firm for a confidential consultation. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.