Investors might have sustained losses due to financial advisor/ securities broker Scott Gerald Thole [CRD: 4516390, Saint Paul, Minnesota], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Thole has been employed by Merrill Lynch Pierce Fenner Smith Incorporated since May 13, 2016. Continue reading to learn more about the allegations and disclosures related to Scott Thole.
Evidently, on May 20, 2024, a Merrill Lynch Pierce Fenner Smith Incorporated client filed a complaint about Scott Thole. The client alleged misrepresentation. Because of this, the investor supposedly sustained damages on options. As a result, they requested damages from Merrill Lynch or Thole. Merrill Lynch settled this matter on June 30, 2024, for $209,350.00 in damages.
Also, on August 6, 2004, an HR Block Financial Advisors Inc. client filed a complaint about Scott Thole. The client alleged unsuitable recommendations. Because of this, the investor supposedly sustained damages on over-the-counter equities and mutual funds. Consequently, they requested $6,000 in compensation from HR Block Financial Advisors Inc. The firm denied the allegations on November 11, 2004.
Have you incurred losses because of Scott Thole? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Thole and brokerage firms Thole worked for deny accusations of sales practice violations.
Contact Soreide Law Group for a Free Review of Your Potential Investment Loss Claim If your financial advisor recommended Creative Media & Community Trust (NASDAQ: CMCT) and you suffered substantial losses, you may have legal rights. A CMCT investment loss attorney can help you understand your options and pursue recovery. Many investors purchased CMCT believing […]
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com