Jason R. Watson of Philadelphia Pennsylvania a registered representative of Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related arbitration claim that was resolved for $20,000.00 in damages supported by allegations that (1) fiduciary obligations to the customer had been breached and (2) the terms and conditions of a fixed indexed annuity had been fraudulently misrepresented.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Watson is referenced in two more customer initiated investment related disputes pertaining to accusations of Watson’s violative conduct while employed with New England Securities. In particular, on August 19, 2013, a customer initiated investment related complaint concerning Watson’s conduct was settled for $16,752.20 in damages founded on allegations that the features of a variable life insurance contract had been misrepresented by Watson.
Then, on August 5, 2014, a customer initiated investment related complaint involving Watson’s activities was resolved for $11,785.00 in damages based upon accusations that Watson’s violative sales practices induced the customer’s purchase of two life insurance policies.
FINRA Public Disclosure also confirms that Watson was discharged from former employer, MetLife, supported by allegations that Watson engaged in unauthorized correspondence, and handled customer account documentation in a manner which ran afoul of the firm’s policy.
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