August 2017 -Orange County, CA
According to publicly available records William Henry Watson III (CRD#1016938) , a stockbroker who was previously registered with Freedom Investors Corp, disclose two regulatory events , seven customer disputes and four federal tax liens.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 2016 Watson consented to sanctions of a 10 day suspension and a $5,000 fine from the securities industry by FINRA to resolve allegations that “Watson participated in securities offerings with four different issuers in which he used, or permitted issuers to use marketing materials that were not fair and balanced, as they failed to discuss each of the issuers’ poor financial performance and made misleading, unwarranted or unsupported statements.”
In 1/2017, a Finance 500, Inc. customer filed a complaint alleging inappropriate investments in limited partnerships and direct investments and sought damages of $800,000. That case was settled for $161,653.
In pending FINRA Case 16-3674 , a Finance 500, Inc. customer alleges misrepresentation, breach of fiduciary duty, failure to supervise, Texas Securities fraud, negligence and breach of contract in connection with investments in limited partnerships and is seeking damages of $102,500.
There are four Internal Revue Service tax liens disclosed by Watson , filed in Orange County, CA from 2005 to 2014, and totaling more than $600,000.
Watson was with Freedom Investors from 8/2014-12/2015 and with Finance 500, Inc. from 2/ 2011 until 7/2014 . Prior to that he was with Choice Investments of Austin, Texas.
If you have questions about an account handled by William Henry Watson III, contact us to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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