NEW YORK, June 23, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Merrill Lynch Strategic Return Notes. Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or 212-697-6484.
The investigation concerns whether Merrill Lynch and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 21, 2016, The Wall Street Journal narrated how the Securities and Exchange Commission ("SEC") was planning a civil enforcement action against Merrill Lynch, the brokerage arm of Bank of America (BAC) in regards to its "Strategic Return Notes" sold in 2010. Since these Notes were sold, they've lost close to 95% of their value. The Wall Street Journal wrote that "the five-year notes lost value rapidly after they were issued, as market volatility fell and the cost of buying the options upon which the notes were based rose sharply." Two former Merrill Lynch brokers allege that they were never warned that the underlying roll costs that caused the decline in value could grow so large.
If you are aware of any facts relating to this investigation, or purchased Merrill Lynch Strategic Return Notes, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/#!mlrsn/vqdsc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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