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Merrill Lynch Strategic Return Notes

We are investigating the sale of Merrill Lynch Strategic Return Notes to investors. These unsuitable investment Notes were sold to hundreds of clients and the full risks of these investments were not made aware to them. The Ill-suited Merrill Lynch investments subjected clients to a great deal of risk. The investments description and details were complicated and few investors fully understood the nature of this product. The investment Notes describe the product as “linked to the ‘Investment Volatility Index’, this index is designed to measure the return of an investment in the forward implied volatility of the S&P 500 index for a three month period with a mid-point approximately five months in the future.” Few Merrill Lynch financial advisors, much less their clients, understood these investments. In addition, we believe some of the documents describing the product misrepresented the risks of these Notes leading clients to believe the Merrill Lynch Strategic Return Notes provided “market downside protection”, “enhanced income” and “enhanced returns.” In reality, the Notes provided clients with a great deal of risk and volatility and in some cases, these risks were not understood by financial advisors and clients of Merrill Lynch. For clients who purchased these Notes, some or all of the investment losses might be recoverable through the FINRA arbitration claims process.

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