The Law Firm of David Chase is reviewing allegations involving former Atlanta, Georgia-based Merrill Lynch broker Blake P. King concerning the exercise of discretion in a client’s brokerage accounts and unauthorized trading.
In January 2017, Blake voluntary resigned from Merrill Lynch for purportedly violating firm policies and improperly exercising discretion in a client’s nondiscretionary accounts.
Later in June 2017, FINRA permanently barred King for failure to respond to a FINRA request for information.
Unauthorized trading occurs when a stock broker or financial advisor executes a transaction without the permission of a customer in a non-discretionary account. According to FINRA, it is one of the common investor issues, along with churning, fraud, misrepresentation, cold-calling, and unsuitability.
Unauthorized trading is a serious form of broker misconduct. A broker’s employing firm is responsible for supervising the broker to prevent such misconduct. Failure to reasonably supervise is a claim that may be made against a brokerage firm in a FINRA Arbitration under these situations.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading or unsuitable stock or bond recommendations. The Law Firm of David Chase works on a contingency fee basis, meaning you pay it nothing unless it recovers money for you.
If you invested with Blake P King and Merrill Lynch and have lost money doing so, you may be able to recover some or all of your losses. David Chase is experienced in recovering investor losses due to broker/brokerage firm misconduct and mismanagement through FINRA arbitration.
The Law Firm of David Chase represents nationwide the interests and rights of investment fraud victims. If you have questions about your ability to recover your investment losses, please contact David Chase for a free consultation at email@example.com or toll-free at (800) 760-0912.