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William Francis Thon formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 19 Customer Complaints for Alleged Broker Misconduct

Who is William F. Thon formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated?

William Thon (CRD #1485103) who was formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Guaynabo, Puerto Rico is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, William Thon was associated with three other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Misconduct

In his career, William Thon has been the subject of 19 customer complaints that we know about, 8 of those complaints were filed in the last year to recover investment losses. Thirteen of William Thon’s 19 customer complaints were settled in favor of investors. There are currently 6 pending customer complaints filed against William Thon’s former employer Merrill Lynch, Pierce, Fenner & Smith Incorporated for investment losses caused by his alleged misconduct.

Allegations Against William Thon

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The customer alleges unsuitable investment recommendations and misrepresentations.
  • The claimant alleges that the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable and that its account was over-concentrated in Puerto Rico investments.  It also alleges that the risk of investing in and concentration on Puerto Rico investments was misrepresented.
  • Claimants allege they were damaged as a result of recommendations to purchase and hold various unsuitable Puerto Rico municipal bonds and closed-end Puerto Rico municipal bond funds, such as the aqueduct bonds, Cofina bonds, electric power Authority bonds, employee retirement system bonds, the investor’s tax-free funds, and fixed income funds.
  • The claimant alleges unsuitability, overconcentration, and misrepresentation involving the recommendation of closed-end funds.
  • Claimants allege their investments and closed-end bond funds and unsuitable, over-concentrated, and the result of misrepresentations and omissions of material facts, including the fact that the closed-end bond funds were bonds guaranteed by the Puerto Rico government.
  • The claimant alleges unsuitability, over-concentration, misrepresentations involving the recommendation of closed-end funds and Puerto Rico bank preferred shares.

William Thon Red Flags & Your Rights As An Investor

Of course, William Thon 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 William Thon at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether William Thonhas 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 supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated, and/or William Thon 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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