Merrill Lynch Strategic Return Notes
| Company Name | Merrill Lynch Strategic Return Notes |
| Status | 1 |
The Firm announces an investigation on behalf of investors who purchased Merrill Lynch Strategic Return Notes. Investors who suffered losses on their investments are encouraged to contact Lesley Portnoy at 888-773-9224, or by email to shareholders@glancylaw.com.
On June 21, 2016, The Wall Street Journal reported that the Securities and Exchange Commission (“SEC”) is preparing a civil enforcement action against Merrill Lynch, the brokerage arm of Bank of America (NYSE: BAC). The action relates to “Strategic Return Notes” that Merrill Lynch sold in 2010, which, since being sold, have lost nearly 95% of their value. According to the report, “the five-year notes lost value rapidly after they were issued, as market volatility fell and the cost of buying the options upon which the notes were based rose sharply.” Two former Merrill Lynch brokers allege that they were never warned that the underlying roll costs that caused the decline in value could grow so large.
If you purchased Strategic Return Notes, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224 or by email to shareholders@glancylaw.com.
Submit Your Information
If you suffered a loss on your Merrill Lynch Strategic Return Notes investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.