Scott Thole Facing Merrill Lynch Client Dispute

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.

Merrill Lynch Investor Accused Thole Of Misrepresentation

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.

HR Block Financial Advisors Inc. Investor Accused Scott Thole Of Unsuitable Recommendations

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.

Experience Financial Harm Due To Securities Broker Thole?

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.