Derrick Timothy Watts of Saint Charles, Illinois, a stockbroker currently registered with Oppenheimer & Co., is the subject of a customer initiated investment related written complaint, in which the customer requested over $5,000.00 in damages founded on accusations that Watts churned the customer’s equity portfolio between January of 2010 and November of 2015.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Watts has been referenced in two customer initiated investment related disputes pertaining to allegations of his misconduct while employed with Oppenheimer & Co. Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Specifically, on April 22, 1999, a customer filed an investment related written complaint involving Watts’ conduct, where the customer sought $20,000.00 in damages based upon accusations that Watts failed to apprise the customer about back-end fees that the customer had to pay by investing in mutual funds.
Subsequently, on February 1, 2016, a customer filed an investment related written complaint involving Watts’ conduct, in which the customer requested $32,914.56 in damages supported by allegations that the customer’s mutual fund and over-the-counter equities positions were churned between October of 2011 and January 25, 2016.
Watts’ employment with Oppenheimer & Co. Inc. was terminated on December 1, 2015. He became associated with Wunderlich Securities, Inc. on September 2, 2016.
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