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.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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