DID SCOTT GERALD THOLE CAUSE YOU INVESTMENT LOSSES?
Scott Thole Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 2 Customer Complaints For Alleged Broker Misconduct
About Scott Thole of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Scott Thole (CRD #4516390) is currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated as an investment advisor and registered broker in Saint Paul, Minnesota, a position he has held since May 13, 2016. Previously, Thole was registered with Morgan Stanley in various locations from April 2007 to June 2016. He is registered with 7 Self-Regulatory Organizations (SROs) and licensed in 17 U.S. states and territories. Throughout his career, Thole has passed four general industry/product exams and two multi-state securities law exams, showcasing his extensive qualifications in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Scott Thole Customer Complaints and Reviews
Scott Thole has experienced two customer disputes:
- Settled Dispute:
- Date: Settled on June 30, 2024
- Allegations: Misrepresentation related to options trading in January 2024.
- Settlement Amount: $209,350.00, with no personal contribution from Thole.
- Closed Dispute:
- Date: Complaint received on August 6, 2004, and closed on November 11, 2004.
- Allegations: Unsuitability in connection with transactions in January, April, and May 2004 involving OTC equity and mutual funds.
- Outcome: The firm reviewed the matter and denied the allegations, finding them to be without merit and prompted by investment performance.
Allegations Against Scott Thole
- Misrepresentation: Allegations involved misrepresentation of options trading, leading to significant settlement.
- Unsuitability: Accusations of unsuitable investment recommendations concerning OTC equity and mutual funds, which were eventually denied by the firm after review.
Scott Thole Red Flags & Your Rights As An Investor
Of course, Scott Thole did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Scott Thole at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Scott Thole has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Scott Thole
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Scott Thole and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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