FINRA

Respondent Watson failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

any capacity

n/a

2/15/2017

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Watson is suspended on February 15, 2017 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

FINRA

Respondent Watson failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

3/13/2017

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated December 8, 2016 and January 3, 2017, respectively, on March 13, 2017, Watson is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

The Jeffrey Matthews Financial Group LLC

Discharged

Don Watson made false statements regarding his prior production level and his client list to induce the firm to issue him a transition payment of $200,000.

FIRSTRUST, LLC

Discharged

7F(1): DISREGARD FOR COMPLIANCE PROCEDURES 7F(2): FAILURE TO REPAY DEBT TO COMPANY

CLIENT ALLEGES THAT EQUITY PURCHASES WERE MADE IN HIS ACCOUNT WITHOUT HIS KNOWLEDGE. HE REQUESTS THAT A LIST OF 17 TRADES BE REVERSED AND THE FUNDS CREDITED BACK TO HIS ACCOUNT.

$162,083.00