Christopher Neil Watkins of Louisville, Kentucky, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on June 2, 2022, where the customer sought compensatory damages based upon allegations that Watkins provided unsuitable investment recommendations in connection with the sale of alternative investments, including business development company (BDC) products, during the time that Watkins was associated with LPL Financial.
This is not the first time that Watkins has been the subject of a customer initiated investment related dispute. FINRA Public Disclosure shows that an arbitration claim regarding Watkins’ activities was resolved for $17,768.04 in damages because Watkins allegedly recommended an unsuitable energy fund and real estate investment trust (REIT) for the customer’s LPL Financial account. FINRA Arbitration No. 19-02277.
Watkins was discharged by LPL Financial on November 30, 2018, for allegedly making a distribution of advisory fees to an unregistered individual. Since December 13, 2018, Watkins has been registered with Silver Oaks Securities Incorporated as a stockbroker. Since March 4, 2019, he has been registered with Magnate Advisory Services LLC as an investment adviser representative.
