Investor Alert: Klayman & Toskes, P.A. Launches Investigation into Merrill Lynch's Sale of Strategic Return Notes in Wake of SEC Probe

NEW YORK--(BUSINESS WIRE)--

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T"), www.nasd-law.com, announced today that it has launched an investigation into Merrill Lynch BAC sales of strategic return notes in wake of the SEC's probe.

K&T's investigation has commenced as a result of the SEC's preparation of a civil enforcement case against Merrill Lynch, stemming from structured note investments purchased by clients that declined up to 95% in value. Two former Merrill Lynch financial advisers filed a whistleblower complaint in connection with the investments, one of which stated that the structured notes were marketed to the public in a way that was "borderline crooked." According to securities attorney Lawrence L. Klayman, "Investors may not have understood the risks associated with these structured notes and Merrill Lynch is responsible for disclosing these risks to its customers before making any recommendations to purchase them."

Merrill Lynch underwrites, manages and markets billions of dollars in structured notes to its customers, including the strategic return notes that are the subject of the SEC's probe. SEC official Amy Starr commented on structured note investments during a speech last year, "how many brokers and advisers who sell these products to retail investors actually understand what they are selling."

The sole purpose of this release is to investigate Merrill Lynch's conduct with respect to unsuitable recommendations, misrepresentations and omissions, and failure to supervise. Current and former customers of Merrill Lynch who purchased strategic return notes that have information relating to the manner in which the firm represented these products, are encouraged to contact Lawrence Klayman, Esq. or Raymond Gentile, Esq. of Klayman & Toskes at (888) 997-9956, or visit our website at www.nasd-law.com.

About Klayman & Toskes, P.A.

K&T is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. K&T has office locations in California, Florida, New York and Puerto Rico.

Destination: http://nasd-law.com/notice-to-merrill-lynch-customers-who-invested-in-strategic-return-notes-investigation-launched-in-wake-of-sec-probe/

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