Levin Law, P.A. Investigating Merrill Lynch Regarding UPS Employee Losses

September 11, 2020 Author: Brian Levin
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The national securities, commodities, and class action law firm, Levin Law, P.A. (“Levin Law”), is investigating Merrill Lynch and its registered representatives regarding the recommendation of unsuitable investment strategies to current and former United Parcel Service (“UPS”) employees. According to claims filed with the Financial Industry Regulatory Authority (“FINRA”), UPS employees suffered significant losses after being encouraged to invest heavily in company stocks through Merrill Lynch’s Rampart Options Management Services Program. 

If you are a current or former UPS employee who suffered losses as a result of investment in UPS stock through Merrill Lynch’s Rampart Options Management Services Program, you might be entitled to recovery through a FINRA arbitration. Contact Levin Law at 305.402.9050 or contact@levinlawpa.com

 

Unsuitable Recommendations, Over Concentration, and Misrepresentations

UPS employees seeking compensation have argued that Merrill Lynch, through their agents, recommended a covered call writing strategy, resulting in substantial losses. While covered call option strategies can be useful when appropriately structured, it is alleged that Merrill Lynch set the strike price far too low.

When strike prices are set too low in a covered call option strategy, investors can suffer huge losses having to buy back their shares at a higher price or losing them altogether. According to employee claims, Merrill Lynch agents failed to fully disclose the risk involved with the call options, over concentrated their portfolios and made material misrepresentations. Merrill Lynch is also being investigated for failure to supervise its registered representatives.

 

UPS Employees May Be Able To Recover Losses through a FINRA Arbitration

If a Merrill Lynch financial representative recommended that you invest in a covered call option strategy or concentrated your investment in UPS Stocks through their Rampart Options Management Services Program and you have lost money, you might be able to recover losses through a FINRA arbitration claim.

 

Contact Levin Law For a Free Case Evaluation

If you are a UPS employee and sustained losses after investing with Merrill Lynch, contact Levin Law managing partner, Brian Levin, at 305.402.9050, brian@levinlawpa.com, or by visiting www.levinlawpa.com. The majority of cases are accepted on a contingency-fee basis, meaning that clients are not required to payattorney fees unless money is recovered on their behalf if  the case is accepted on a contingency-fee basis.

 

About Levin Law

Levin Law is a premier national securities and class action law firm. Brian Levin, Levin Law’s managing attorney, has obtained settlements and recoveries in excess of $100,000,000 in assets through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.

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