There are options for clients of former B Riley Wealth Management broker Derrick Watts (CRD# 2479608) who suffered losses due to investments in private placements. He has been registered with Packerland Brokerage Services, Inc. in Chicago, Illinois, since 2020. He was registered with B Riley Wealth Management in St. Charles, Illinois, from 2016 to 2021, and Wunderlich Securities, Inc. in St. Charles, Illinois, from 2015 to 2016.
Derrick Watts Customer Complaints
He has been the subject of four customer complaints between 1999 and 2024, one of which was denied, one was withdrawn, and one was closed without action, according to his CRD report:
July 2024. “Alleges RR’s proposal to Claimants to purchase Bet Chicago securities was misleading, inaccurate, and false based on its valuation.” The customer is seeking $3,000,000 in damages, and the case is currently pending. The complaint was regarding private placement losses, and it took place while he was registered with B Riley Wealth Management.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, B Riley Wealth Management may be liable for investment or other losses suffered by Derrick Watts’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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