A recent investor complaint against Aventura, Florida financial advisor Douglas Ponczek (CRD# 5843395) alleges that his investment advice resulted in...
Read MoreWilliam Thon: Complaints Against Guaynabo Financial Advisor
Settled and pending investor complaints against former Guaynabo, Puerto Rico broker and investment advisor William Thon (CRD#: 1485103) allege conduct including suitability violations, misrepresentations, over-concentration, and more. Thon is a former representative of Merrill Lynch, according to information drawn from Financial Industry Regulatory Authority records.
A pending 2019 complaint alleges that as a representative of Merrill Lynch, William Thon recommended unsuitable investments. The complaint alleges damages of $300,000.
A pending 2019 complaint alleges that as a representative of Merrill Lynch, William Thon misrepresented and recommended unsuitable mutual fund investments. The complaint alleges damages of $2,000,000.
A 2017 complaint alleged that as a representative of Merrill Lynch, William Thon recommended unsuitable investments, misrepresented material facts, and omitted material facts. The complaint reached a settlement in 2019 of $140,000.
A pending 2017 complaint alleges that as a representative of Merrill Lynch, he misrepresented and omitted material facts regarding unsuitable investment recommendations. The complaint alleges damages of $857,580.
A 2016 complaint alleged that as a representative of Merrill Lynch, he misrepresented and omitted material facts regarding unsuitable recommendations to invest in closed-end funds. The complaint reached a settlement of $65,000.
A 2016 complaint alleged that as a representative of Merrill Lynch, he misrepresented and omitted material facts related to unsuitable investment closed-end fund recommendations. The complaint reached a settlement of $565,000.
A 2015 complaint alleged that as a representative of Merrill Lynch and UBS Financial Services, he recommended unsuitable municipal bonds and closed-end funds. The complaint reached a settlement of $470,000.
A 2014 complaint alleged that as a representative of Merrill Lynch, he made unsuitable recommendations, misrepresented material facts, and over-concentrated investments in the account. The complaint reached a settlement of $60,000.
William Thon is currently not registered as a broker or investment advisor. His employment history includes Merrill Lynch in Guaynabo, Puerto Rico; UBS Financial Services of Puerto Rico in San Juan, Puerto Rico; UBS Financial Services in San Juan, Puerto Rico; Painewebber; and Kidder Peabody & Company. He currently holds zero state licenses and has passed four securities industry qualification examinations.
