DID WILLIAM WORTHEN KING CAUSE YOU INVESTMENT LOSSES?

William King Formerly With Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 28 Customer Complaints For Alleged Broker Misconduct

William King Customer Complaints and Reviews

• Customer Disputes: 28 Incidents
  • Case 1 (August 27, 2023): A customer alleged that the risks of investments were not disclosed, and the investments were unsuitable. This case was settled on December 13, 2023, for $110,000.
  • Case 2 (July 28, 2023): The client claimed misrepresentations and unsuitable options strategy, with alleged damages between $500,000 and $750,000. The case was settled on May 20, 2024, for $75,000.
  • Case 3 (July 18, 2023): Allegations of unsuitable and unauthorized options trading led to a settlement of $135,000 on May 31, 2024.
  • Case 4 (May 23, 2023): A client claimed unsuitable options trading and use of margin, resulting in a settlement of $65,000 on January 11, 2024.
  • Case 5 (October 5, 2022): A dispute regarding the failure to follow instructions for selling equity positions was settled on March 9, 2023, for $20,000.
  • Case 6 (November 21, 2022): Unauthorized trading of options was alleged, leading to a settlement of $100,000 on May 9, 2023.
• Pending Customer Disputes: 4 Incidents
  • Case 1 (January 19, 2024): A pending case involves allegations that risks were not disclosed and investments were unsuitable. The dispute was filed with FINRA and is currently ongoing.
  • Case 2 (June 5, 2024): Allegations of an unsuitable investment strategy, unauthorized trading, and misrepresentation are currently under arbitration with FINRA.
  • Case 3 (July 24, 2023): A client has claimed unauthorized trading, unsuitable recommendations, and misrepresentations with alleged damages of $4,000,000. The case is pending.
  • Case 4 (June 8, 2023): Another pending case involves allegations of misrepresentation of options strategy and unsuitable, unauthorized transactions.
• Termination After Allegations:
  • Incident (April 21, 2023): Mr. King voluntarily resigned from Merrill Lynch following allegations of unsuitable and unauthorized trading in certain clients’ accounts, specifically involving options.

Allegations Against William King

• Customer Complaint Allegations:
  • Unsuitability and Misrepresentation: Numerous clients have alleged that Mr. King recommended unsuitable investments, including options strategies, and failed to properly disclose associated risks. These allegations have been the basis for multiple settled and pending disputes.
  • Unauthorized Trading: Several complaints involve claims that Mr. King conducted unauthorized trades in clients’ accounts, particularly involving options and structured products.
  • Omission of Material Facts: In some cases, Mr. King has been accused of failing to disclose important information regarding the nature and risks of the investments he recommended.
• Employment Termination Allegations:
  • Unsuitable and Unauthorized Trading: Mr. King’s resignation from Merrill Lynch was linked to allegations of engaging in unsuitable and unauthorized trading activities in his clients’ accounts.

William King Red Flags & Your Rights As An Investor

Of course, William King did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of William King at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether William King has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To William King

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or William King and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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