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Broker Misconduct Investigation: Derrick Watts (Packerland Brokerage Services)

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Updated on: January 23, 2025

National investment loss lawyers KlaymanToskes is investigating broker Derrick Watts of Packerland Brokerage Services (CRD #2479608).

According to FINRA BrokerCheck, Derrick Watts of Packerland Brokerage Services, Inc. is involved in a pending $3,000,000 customer complaint alleging the recommendation to purchase Bet Chicago securities was misleading, inaccurate, and false based on its valuation.

Investors that suffered losses with broker Derrick Watts are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Derrick Watts Faces $3 Million Investor Complaint

A customer complaint filed against Derrick Watts, an investment adviser with Packerland Brokerage Services, Inc., alleges $3,000,000 in investment losses. FINRA BrokerCheck records disclose that the complaint relates to investment recommendations to purchase Bet Chicago securities that were misleading, inaccurate, and false based on its valuation. 

Investment Losses with Broker Derrick Watts?

Investment Losses with Broker Derrick Watts?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Derrick Watts, or have concerns regarding your investment portfolio at Packerland Brokerage Services, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.