William Worthen King, also known as Bill King, is currently facing multiple allegations of wrongdoing, including unsuitable investments, unsuitable options trading, and acting contrary to the best interest of his customers. If you have experienced investment losses due to King's actions, you may be eligible to receive compensation through a FINRA arbitration claim.
If you are a current or former client of William Worthen King and Merrill Lynch, Pierce, Fenner & Smith Inc. and have experienced financial loss, please contact Levin Law, P.A. at (305) 402-9050 or email email@example.com for a free case evaluation.
Brokerage firms have a duty to supervise their registered representatives and ensure that they follow securities regulations, rules, and internal policies. If a brokerage firm fails in this duty, it may be held accountable for investment losses sustained by customers due to a lack of supervision.
The pending claims against William Worthen King include:
Claim Date: 1/18/2023
“Client alleges representative made unsuitable investments.”
This claim is currently Pending.
Claim Date: 11/21/2022
“Client alleges unauthorized trading of options from June through September 2022.”
This claim is currently Pending.
Claim Date: 8/17/2022
“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.”
This claim is currently Pending with a claim amount of $600,000.00.
See more information on FINRA’s BrokerCheck site for William Worthen King.
Options trading is a complex and high-risk form of investing that has increased in popularity in recent years. An “option” is the right to buy or sell an asset at a fixed price, while the value of the option is dependent on the value of another asset. This makes options trading a highly volatile and risky form of investment.
Brokers must adhere to strict guidelines when approving customers for options trading and must ensure that customers understand the risks involved. If you have lost money due to a broker's failure to fulfill these requirements, you may be entitled to compensation.
Aggrieved investors who have suffered losses because of William Worthen King's actions may be eligible to file a FINRA arbitration claim.
If you are interested in pursuing a claim for damages, it is important to find an attorney who has experience handling securities complaints. At Levin Law, P.A., our attorneys have recovered in excess of $100,000,000 from financial institutions and have extensive experience handling claims against financial advisors and brokerage firms. We can help you navigate the legal process and work to recover your lost funds.
Most cases are accepted on a contingency fee basis, meaning that clients are not responsible for Levin Law attorneys’ fees unless money is recovered on their behalf.
Levin Law is a premier national cryptocurrency, securities, commodities, futures, and class action law firm. Brian Levin, Levin Law’s founding attorney, has helped recover in excess of $150,000,000 through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.