The securities fraud attorneys at Meyer Wilson are currently investigating
claims against former broker and investment adviser Henry Al Dean Watson
Former J.J.B. Hilliard, W.L. Lyons, LLC broker and investment adviser Henry
Watson (CRD# 1326969) has been permanently barred from acting as a broker
or associating with any firms that sell securities to the public by the
Financial Industry Regulatory Authority (FINRA). He was also the subject
of two customer disputes settled for a total of $416,500.
The first dispute was filed on March 1, 2010. The customer alleged that
Watson recommended unsuitable investments, failed to supervise, negligently
misrepresented information, churned their account, committed fraud and
omitted information, respondeat superior, breached their fiduciary duty,
breached their contract and violated the South Carolina Unfair Trade Pracices
Act and the South Carolina Uniform Securities Act. The customer was granted
$250,000 in damages.
The second dispute was filed on September 8, 2015. The customer alleged
that Watson had excessively traded and received excessive commissions,
performed unauthorized trades and mismanaged their portfolio. The customer
was granted $166,500 in damages.
FINRA bared Watson on January 17, 2017 after he failed to appear for on-the-record
testimony requested in connection with an inquiry into an arbitration
claim filed by a customer. He signed a Letter of Acceptance, Waiver &
Consent (AWC) acknowledging that he received FINRA’s request and
accepted the consequences.
Watson was registered with J.J.B. Hilliard, W.L. Lyons, LLC based out of
Greenville, SC until October 12, 2016. Prior to that, he was registered
with Scott & Stringfellow, LLC based out of Greenville, SC.
If you lost money investing with former J.J.B. Hilliard, W.L. Lyons, LLC
broker and investment adviser Henry Watson, contact the securities fraud
attorneys at Meyer Wilson. We have helped approximately 1,000 clients
recover their losses over the past two decades, and are committed to providing
the highest level of legal assistance to each new client we accept. Call
us at one of our four office locations to speak with a member of our firm, or
fill out our online form to request a free case consultation today.