National investment loss lawyers KlaymanToskes reports William Worthen King (a/k/a Bill King) (CRD# 1432593) of Merrill Lynch’s The King Conley Group has resigned from the firm following 19 public disclosures and 9 pending customer complaints.
King was previously listed on Forbes’ Best-In-State Wealth Management Teams of 2023 and ranked #166 on Forbes’ Top Wealth Advisors list in 2022.
Investors that suffered losses with William Worthen 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 lklayman@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
William King has 19 public disclosures, 18 of which are customer complaints. In April 2023, King resigned from Merrill Lynch due to “allegations of unsuitable and unauthorized trading in certain clients’ accounts”.
KlaymanToskes previously reported that William Worthen (Bill) King is facing many customer complaints, with allegations including unauthorized options trading and unsuitable OTC (over-the-counter) stock recommendations.
One pending complaint alleges $600,000 in damages due to King’s 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.
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 exposes investors to excessive and uncompensated risk as it is in contravention to diversification, a fundamental investment principle.
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 the risk management strategies which can be used to protect the value of the concentrated portfolio.
According to FINRA BrokerCheck, King was previously registered as a broker/investment advisor with Merrill Lynch at the following locations:
Investors that suffered losses with William Worthen 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 lklayman@klaymantoskes.com. 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.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com