Parker King Facing Allegations of Negligence

Parker King (CRD #: 6614500), a broker registered with Western International Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 10, 2023. To learn more about the allegations, keep reading. 

On July 11, 2023, an investor alleged that Parker King recommended unsuitable investments and was negligent. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Excessive trading, which violates the need for quantitative suitability. This means that overall trading activity must also suit an investor’s goals.
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to losses or high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and excessive trading.

Background Information 

Parker King has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 25 states and is a registered investment adviser in California, Colorado, Florida, Nevada, North Dakota, Ohio, Texas, and West Virginia. 

Parker King has registered with the following firms: 

• Western International Securities (CRD #: 39262) 
• Edward Jones (CRD #: 250) 

Kurta Law Can Help

If you worked with Parker King and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.