Previously registered broker and investment adviser, William Worthen King (also known as Bill King), is subject to multiple customer dispute disclosures alleging unauthorized and unsuitable trading, among others, according to his Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding King’s customer dispute disclosures. Investors who are concerned about their investments with Bill King may contact Alan Rosca for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our website.
King’s Brokercheck Reveals Multiple Customer Dispute Disclosures
Dated July 28, 2023, the most recent customer dispute disclosure on King’s Brokercheck Report alleges damages between $500,000 and $750,000 for misrepresentations and unsuitable options strategy (Case #: 23-02082).
Another customer dispute disclosure, dated July 24, 2023, is asking for $4,000,000 in alleged damages for unauthorized trading, unsuitable recommendations and misrepresentations involving options and common and preferred stock investment products (Case #: 23-02047).
A third customer dispute disclosure filed in July 2023, makes allegations of unauthorized trading and use of margin, seeking unspecified alleged damages (Case #: 23-02000).
According to Bill King’s Brokecheck, two customer dispute disclosure making similar allegations of misrepresentations of option strategy and unsuitable and unauthorized transactions were filed in June 2023.
Another customer dispute disclosure was reportedly filed in May of 2023, and according to the Brokercheck Report, it alleges $150,000 in damages caused by similar alleged misconduct (Case #: 23-01333).
Concerned about investments with
Dated April 17, 2023, a customer dispute disclosure asked for unspecified damages and alleged unsuitable investments involving options.
Broker William “Bill” King was reportedly subject to a customer dispute disclosure received in In October of 2022 which alleged failure to follow instructions and settled for $20,000.
A customer dispute disclosure allegedly received in November 2022, alleged unauthorized trading of options from June through September 2022 and was reportedly settled for $100,000.
Former Merrill Lynch broker King was allegedly subject to a customer dispute disclosure filed in August of 2022 (Case #: 22-01821). The claimants alleged that the registered representative made strategical investment decisions that left their accounts “open to market volatility.” The claimants asked for $600,000 in alleged damages and reportedly settled for $212,500.
There were at least eight other customer dispute disclosures related to option trading filed this year that were reported as “Denied.”
Broker Bill King Voluntarily Resigned from Merrill Lynch in 2023
In April of 2023, King voluntarily resigned from his position as a broker with Merrill Lynch due to allegations of “unsuitable and unauthorized trading in certain clients’ accounts.” According to his Brokercheck, Bill King was registered as a broker with Merrill Lynch, Pierce, Fenner & Smith Incorporated, located in Vero Beach, Florida, from 1985 to 2023.
Potential Compensation Claims for Concerned King Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding previously registered broker and investment adviser Bill King’s customer dispute disclosures alleging unauthorized and unsuitable trading involving options, among others.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment loss lawyer and former adjunct professor of securities regulation, has over 14 years of experience representing investors who have experienced investment loss due to broker misconduct.
Investors who are concerned about their investments with Bill King may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our website.
It is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by William W. King, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
