William Worthen King


October 20, 2023

Type of alert:

Unsuitable Recommendations  

William Worthen King, also known as Bill King, is a broker and investment advisor who was formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated. He has recently made headlines in the financial world due to a flood of customer complaints and his subsequent resignation from Merrill Lynch and is now under investigation. King currently faces 19 public disclosures, including 18 allegations of unsuitable and unauthorized trading in clients’ accounts.

According to FINRA BrokerCheck, King was previously registered as a broker/investment advisor with Merrill Lynch at the following locations:

New York, NY – 114 W 47th St, New York, NY 10036
Vero Beach, FL – 660 Beachland Blvd, Vero Beach, FL 32963
Chester, NJ – 172 Main St, Chester, NJ 07930

The complaints against William Worthen King are serious and include allegations of unauthorized options trading, unsuitable recommendations, and failure to act in clients’ best interests. One customer complaint, for instance, claims $600,000 in damages, attributing the losses to King’s inability to implement risk management strategies and leaving the portfolio exposed to market volatility.

One recurring issue in these complaints is “concentration,” or the failure to diversify, a securities violation that arises when a financial professional concentrates an investor’s assets in a single investment, class of investments, or market sector. This exposure to excessive and uncompensated risk is a breach of the fundamental investment principle of diversification.

If you have suffered losses or damages due to William Worthen King, contact the attorneys at ChapmanAlbin today.


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