Last Updated: April 2024 (San Antonio, Texas)
Nicholas Watne Investigation Summary
Here’s what you need to know about San Antonio, TX, stockbroker Nicholas Watne:
- Name: Mr. Nicholas R. Watne
- Current Employer: Frost Brokerage Services
- Previous Firms: Zions Direct, Morgan Stanley DW, Fidelity Brokerage Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Nick Watne, Nicholas Robert Watne
- Primary Location: San Antonio, TX
- CRD 3135342
- Can Nick Watne be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $9.9 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Nicholas Watne As Your Stockbroker?
A customer of Frost Brokerage Services filed a complaint in 96th District Court, Tarrant County, Texas, in 2023 seeking damages of $9,950,000. The suit alleges conversion, theft and wrongful freezing of the account. The complaint alleges that Frost Brokerage Services and other Frost-affiliated parties aided and abetted the alleged theft and certain fraudulent acts, and that Nick Watne made misrepresentations that contributed to the alleged aiding and abetting. This matter is currently pending.
Allegations of Broker Misconduct Against Nicholas Watne
Customers of Nick Watne have alleged the following wrongdoing in connection with the handling of customer accounts:
- Misrepresentations
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Nick Watne, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
