Former LPL Financial Broker, Christopher Neil Watkins a/k/a Neil Watkins, Terminated By LPL For Allegedly Sharing Advisory Fees With An Unregistered Person

• September 22, 2019
• LPL Financial

Christopher Neil Watkins a/k/a Neil Watkins (CRD # 4456445) is a former Financial Advisor at LPL Financial, LLC in Louisville, Kentucky.  Christopher Neil Watkins a/k/a Neil Watkins has been in the securities industry since 2001 and previously worked at PNC Capital Markets.  He currently works for Silver Oak Securities in Louisville. 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in November 2018, LPL terminated Christopher Neil Watkins a/k/a Neil Watkins based on allegations that he “facilitated the distribution of advisory fee monies to an unregistered person.”  Subsequent to his termination, a customer filed a complaint against Christopher Neil Watkins a/k/a Neil Watkins, alleging “unsuitable investments.”  The alleged damages are $115,000 and the matter remains pending. 

For a copy of Christopher Neil Watkins a/k/a Neil Watkins’ CRD, click https://brokercheck.finra.org/individual/summary/4456445#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.  

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.