National investment loss lawyers KlaymanToskes reports William W. (Bill) King (CRD# 1432593), a leading broker of Merrill Lynch’s King Conley Group, has resigned. King has a total of 20 customer complaints and is currently facing pending allegations of unsuitable options trading and unauthorized transactions.
Investors that suffered losses with William (Bill) King at Merrill Lynch are encouraged to contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or firstname.lastname@example.org. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes previously reported that William (Bill) King has many customer complaints, with allegations including unauthorized options trading and unsuitable OTC (over-the-counter) stock recommendations.
William (Bill) King has 21 public disclosures, 20 of which are customer complaints, according to FINRA BrokerCheck. King was registered as a broker with Merrill Lynch in Vero Beach, FL from 1985 until April 2023, when he resigned from the firm due to “allegations of unsuitable and unauthorized trading in certain clients’ accounts.”
Recently, a customer complaint against King settled for $212,500 due to King’s alleged failure to act in the customer’s best interest. The customer further alleged King did not implement risk management strategies, and therefore left their portfolio open to market volatility.
FINRA’s (Financial Industry Regulatory Authority) SEC Regulation Best Interest, a/k/a Reg BI establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers.
FINRA-regulated brokers, financial advisors, and brokerage firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Investors that suffered losses with William (Bill) King at Merrill Lynch are encouraged to contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or email@example.com.
Concentration or “failure to diversify” is a securities violation that occurs when a financial professional concentrates an investor’s assets in one particular investment, class of investments, or market sector. Concentration often exposes investors to excessive and uncompensated risk.
Brokers/financial advisors and their firms have a fiduciary duty to recommend suitable investments that are in their customers’ best interests. Registered representatives must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments.
Brokerage firms and their registered financial professionals have a responsibility to ensure that their customers understand the risks associated with concentration, and to disclose and recommend risk management strategies which can be used to protect the value of the concentrated portfolio.
Customers of full-service brokerage firms who suffered losses due to large, unhedged concentrated stock positions, or whose account has been excessively traded are encouraged to contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or firstname.lastname@example.org. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.