Dimond Kaplan & Rothstein, P.A. (“DKR”) is investigating claims against brokerage firm Merrill Lynch relating to Merrill Lynch broker William “Bill” King. Bill King is believed to work out of New York City and Vero Beach, FL. He has faced a number of customer complaints involving allegations of unsuitable options trading and improper use of trading discretion in customer accounts. Upon information belief, Merrill Lynch is investigating Mr. King’s conduct and has prohibited Mr. King from communicating with customers. If you lost money from options trading at Merrill Lynch with broker Bill King, then you may be entitled to compensation.
If you were or are a customer of Bill King and Merrill Lynch in New York, NY or Vero Beach, FL and suffered options losses, then please contact DKR at info@dkrpa.com or (888) 578-6255 for a FREE case evaluation.
Pending Complaints Against Bill King
Typically, brokers are required to obtain customer approval before making trades. Some brokerage firms allow brokers to exercise trading discretion in customer accounts if, and only if, the customer has provided the broker with written permission to make trades without first obtaining the customer’s approval. It is believed that Bill King violated Merrill Lynch policies and industry rules by using trading discretion without written customer approval. Brokerage firms must supervise their brokers to ensure the brokers follow securities regulations and rules, as well as internal firm policies. Among those supervisory duties is to make sure brokers are not improperly using trading discretion in customer accounts. If a brokerage firm fails to meet its supervisory duties, then it can be held liable for a customer’s investment losses.
Options Trading Can be Very Risky
Bill King also is believed to have engaged in risky options trading in Merrill Lynch customer accounts, using improper trading discretion to make the trades. Options are complex and very risky. If Bill King failed to adequately explain the options to customers or engaged in a senseless options strategy that led to investment losses, then his Merrill Lynch customers may have a claim to recover their investment losses.
Contact Dimond Kaplan & Rothstein For a Free Case Evaluation – 888-578-6255 or info@dkrpa.com.
Bill King’s Merrill Lynch customers may be eligible to file a FINRA arbitration claim to recover their investment losses. DKR’s lawyers have successfully represented thousands of investors in FINRA arbitration proceedings and the firm’s lawyers are intimately familiar with navigating the FINRA arbitration process to help investors recover their losses.
DKR handles such cases on a contingency-fee basis. We are paid only if and when we recover money for our clients and our fee is a percentage of the money we recover for our client. If we do not recover money for our client, then the client does not owe us any fees. That is, No Recovery, No Fee.
What Can Investors Do?
To determine if you have a claim to recover your investment losses, please contact us for a FREE case evaluation. You can reach DKR by email at info@dkrpa.com or by phone at 888-578-6255.
About Dimond Kaplan & Rothstein, P.A.
Dimond Kaplan & Rothstein P.A. is a nationally recognized law firm that represents investors who have lost money as a result of investment fraud or broker misconduct. The firm has recovered millions of dollars for clients in options trading cases. In total, DKR has recovered more than $200 million for its clients. Contact a DKR investment fraud lawyer for a FREE consultation about your potential claims. With offices in Miami, Los Angeles, West Palm Beach, New York, and Naples, Dimond Kaplan & Rothstein represents investors nationwide. We can be reached at info@dkrpa.com or 888-578-6255. To learn more about DKR, you can review our website at www.dkrpa.com.
