Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Merrill Lynch

Consult with Our Legal Team
There is never a cost associated with a consultation
Brokerage Firms
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

Merrill Lynch Investment Loss Claims

Headquartered in New York City, Merrill Lynch provides wealth management, securities trading and sales, corporate finance, and investment banking services worldwide. The company was founded in 1914 by Charles Merrill who was soon joined by Edmund Lynch. In 1958, the firm changed its name to Merrill Lynch, Pierce, Fenner & Smith and joined the board of the New York Stock Exchange as the largest securities firm in the world at that time.

The firm went public in 1971, and in 1973 the firm became the first in the securities business to adopt a holding company format, with Merrill Lynch & Co. as the parent of Merrill Lynch, Pierce, Fenner & Smith, the operating subsidiary. The firm was purchased by Bank of America in 2009 saving Merrill Lynch from bankruptcy. Now Merrill Lynch is a wholly owned subsidiary of Bank of America making Bank of America the largest financial services company in the world with more than 6,000 retail banking offices serving clients in more than 150 countries.

Merrill Lynch is a full-service securities investment firm licensed by FINRA. As such, Merrill Lynch has a legal duty to supervise its brokers and its brokers' recommendations to clients to ensure compliance with and prevent violations of the rules of the security industry. When an individual broker is negligent or acts in an unlawful manner against the interests of the client and that client suffers damages as a result of such wrongdoing, the firm may be held liable for the investor's losses.

Merrill Lynch Investment Fraud

Merrill Lynch and brokers backed by Merrill Lynch have faced arbitration and claims over misconduct in the past. In 2010, investors filed claims against the company for losses they sustained in risky collateralized-debt obligations (CDOs). The investors also claimed that the brokers did not fully understand the risks involved with individuals investing in these CDOs. Some of these investors alleged that they personally lost millions with these high-risk, complex investments.

In 2012, Merrill Lynch Advisor James Ryan Lanier was arrested for his involvement in an embezzlement scheme between 2008 and 2010. Allegedly, he used his position as a Merrill Lynch investment adviser in Florida to funnel his clients' money into his own personal bank account. He was charged with stealing $800,000 from clients. He was eventually sentenced to 106 months in federal prison.

In October 2012, a FINRA panel ordered Merrill Lynch to pay $1.3 million because a broker at this firm sold Fannie Mae stock despite warnings of risk. The Merrill Lynch broker, Miles Pure, misrepresented the Fannie Mae stock, calling it "safe." While Pure was not named in the lawsuit, the FINRA panel concluded that Merrill Lynch breached its fiduciary duty.

Recover Losses Against Merrill Lynch

Merrill Lynch may be part of the largest financial institution in the world, but Meyer Wilson possesses the resources and skills needed to successfully conduct claims of fraud against them. Our investment loss lawyers practice solely in the area of securities fraud, so our strategies and insight are well-honed, allowing us to pursue claims in federal court, state court, arbitration with the American Arbitration Association, and arbitration through FINRA. Our securities arbitration attorneys can even represent international clients with claims against U.S.-based brokerage firms. Our efforts have recovered $350 million for our clients, so do not hesitate to call us or complete our online contact form for a free case evaluation.

Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram