Sonn Law Group is Investigating Claims Against Merrill Lynch Branch in Tampa, Florida
Currently, the securities fraud lawyers at Sonn Law Group are reviewing allegations pertaining to investment losses sustained by current and former UPS workers who worked with the Tampa Bay, FL branch office of Merrill Lynch (CRD#: 7691).
According to allegations raised in recent FINRA arbitration claims, UPS employees lost money due to unsuitable investment strategies recommended by securities professionals at Merrill Lynch in Tampa.
UPS Workers: Losses Due to Poor Investment Strategy Devised By Merrill Lynch
UPS allows employees to obtain additional compensation in the form of company stock shares through its incentive and stock purchasing programs. According to complaints filed by investors, brokers at Merrill Lynch proposed a complex call writing strategy to UPS employees who earned company stock through these programs.
Investors were told that this strategy would allow them to earn some present income. However, the allegations state these investors were not properly informed of the considerable risks involved in these types of call writing strategies. Unfortunately, things didn’t work out well for many of these UPS workers. Some investors sustained major losses, as their call options were sold at a price that was far too low for the actual market conditions.
If you are a current or former UPS employee, and you lost money following Merrill Lynch recommendations that you now believe were inappropriate or unsuitable for your investment profile or individual needs, you may be entitled to financial compensation.
Get Help from a Securities Fraud Specialist Today
At Sonn Law Group, our investment fraud lawyers are proud to advocate for the investor rights of UPS employees in Florida and throughout the United States. If you sustained serious investment losses due to the bad conduct of a broker, please call us today for a free review of your claim.
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