Investigation of Merrill Lynch Financial Advisors Who Mishandled the Investments of UPS Employees

Are You a Current or Former UPS Employee Who Lost Money Working With Merrill Lynch? We can help.

The Sonn Law Group is currently investigating claims involving Merrill Lynch financial advisors who mishandled the investment portfolios of employees. If you are a current or former UPS employee who sustained losses working with Merrill Lynch, we want to discuss your case. Please contact our legal team right away, or call us anytime at 866–827–3202 to schedule a free consultation.

Merrill Lynch (CRD#: 7691/SEC#: 801–14235, 8–7221) is a prominent brokerage firm and investment advisor firm. Many current and former UPS employees are invested with Merrill Lynch.

Recently, a former long-term employee of UPS filed a complaint against the brokerage firm alleging that one of its financial advisors caused approximately $500,000 in investment losses through an unsuitable trading strategy.

FINRA Arbitration Claim: Unsuitable Call Writing Strategy

According to the FINRA arbitration claim, the investor alleges that a Merrill Lynch advisor pursued an unsuitable call writing strategy. The claimant — who worked at UPS for nearly 40 years and accumulated more than 30,000 shares of company stock — contends that the advisor recommended a complicated investment strategy that would supposedly produce additional present income.

However, the claim states that this strategy was improperly implemented and too risky for the investor’s objectives. As a result, he lost thousands of shares of his UPS stock and the related dividend payments. If you are a current or former UPS worker, and you have found yourself in a similar situation, you should contact an unsuitable investments lawyer immediately.

Jeffrey R. Sonn has advocated for the rights of investors for more than three decades. If you are a UPS employee who lost money because of the negligence of a Merrill Lynch advisor, he can help. For a free, no obligation review of your case, please contact us today.