Erez Law is currently investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Scott Thole (CRD# 4516390) regarding options losses. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Saint Paul, Minnesota, since 2016. He was registered with Morgan Stanley in St. Paul, Minnesota, from 2009 to 2016.
Scott Thole Customer Complaints
He has been the subject of two customer complaints between 2004 and 2024, one of which was denied, according to his CRD report:
May 2024. “Customer alleges misrepresentation in January 2024.” The case was settled for $209,350. The complaint was regarding options losses.
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, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Scott Thole’s 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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