Erez Law is currently investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated broker William King (CRD# 1432593) regarding unsuitable and unauthorized trades. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in New York, New York, since 1985.
William King Customer Complaints
He has been the subject of nine customer complaints between 1999 and 2023, three of which were closed without action and one was withdrawn, according to his CRD report. The most recent complaints are regarding:
January 2023. “Client alleges representative made unsuitable investments.” The case is currently pending. The complaint was regarding equity OTC.
November 2022. “Client alleges unauthorized trading of options from June through September 2022.” The case is currently pending. The complaint was regarding options losses.
August 2022. “The customers allege that the Financial Advisor was not acting in their best interest when he enrolled his brokerage account into a managed strategy and did not implement risk management strategies; therefore, leaving the portfolio open to market volatility.” The customer is seeking $600,000 in damages and the case is currently pending. The complaint was regarding managed account 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 William King’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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