NOTICE TO UPS EMPLOYEES WITH ACCOUNTS AT THE MERRILL LYNCH TAMPA, FLORIDA BRANCH OFFICE: KlaymanToskes Continues to Investigate Claims on Behalf of UPS Employees Who Sustained Losses from Unsuitable Covered Call Writing Strategies | KlaymanToskes
Summary
According to KT, Merrill Lynch employed an unsuitable covered call writing strategy. Merrill Lynch recommended a call writing strategy, to earn stable income. Further, the sale of such large positions typically ended in significant tax liability to investors. The sole purpose of this release is to investigate the sales practices of Merrill Lynch for FINRA sales practice violations including: unsuitable recommendations, misrepresentation and omissions of material facts, and failure to supervise. Current and former UPS employees who held accounts at Merrill Lynch’s Tampa, Florida branch office, and have information relating to the manner in which the firm handled their concentrated portfolios, are encouraged to contact the attorneys of KlaymanToskes at (888) 997-9956, or visit our firm’s website at www.klaymantoskes.com.