Advisor Alert: Our Attorneys Are Investigating James Cole Watson For Investment Fraud
Did You Lose Money Because of James Watson?
Filed: February 9, 2024
James Watson has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on James Cole Watson.
Who Is James Cole Watson of Wells Fargo Clearing Services, LLC?
- Advisor Name: James Cole Watson
- Aliases: James Watson
- CRD: 5376702
- Location: Dallas, Texas
- Current Employer: Wells Fargo Clearing Services, LLC
- Previous Firms: Bok Financial Advisors, Bok Financial Securities, Inc., and Grand Financial, Inc.
- Number of Known Customer Complaints: 2
- Can James Watson Be Sued: Yes, in Private Arbitration
- Can James Watson’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $450,000
- Highest Settlement: $50,000
If you have suffered investment losses by James Watson, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against James Watson For Broker Misconduct
As of this publication date, James Watson has been the subject of 2 customer disputes. Let’s review them below.
In April 2020, a FINRA arbitration was filed against or in reference to James Watson by a customer of Bok Financial Securities, Inc. alleging that the investments were unsuitable. The complaint subsequently resulted in the referenced Arbitration filed with allegations of breach of fiduciary duty; violations of FINRA rules, breach of contract and negligence; and, negligent supervision. Per the customer, he/she lost over $450,000 because of Mr. Watson’s actions. On April 20, 2022, Mr. Watson settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Watson’s employer and/or insurance carrier.
In September 2008, a complaint was filed against or in reference to James Watson by a customer of TD Ameritrade, Inc. alleging misrepresentation of the reserve yield plus fund (rypqx). Per the customer, he/she lost over $164,000 because of Mr. Watson’s actions. On July 1, 2009, Mr. Watson settled the claim for $24,026.47, and some or all of this amount may have been paid by Mr. Watson’s employer and/or insurance carrier.
How To File A Claim Against James Watson of Wells Fargo Clearing Services, LLC (previously with Bok Financial Advisors, Bok Financial Securities, Inc., and Grand Financial, Inc.) To Get Your Money Back
If you have questions about James Watson, Wells Fargo Clearing Services, LLC, Financial Advisors, Bok Financial Securities, Inc., Grand Financial, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.