Justia Lawyer Rating
Super Lawyers
AVVO - Joseph Robert Top Attorney
Avvo Reviews - Joseph Robert
AVVO - Alexander Nicholas Top Attorney
Avvo Reviews - Alexander Nicholas

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.

Client Reviews
★★★★★
Working with Joe was an absolute pleasure considering the unfortunate situation I was dealing with! He’s very knowledgeable and easy to communicate with. He kept me informed in all aspects of my case in a timely manner. Whenever I contacted him with a question he responded quickly. His expertise came through for me! I would highly recommend him! Joanne
★★★★★
I hired Joe and his firm Stoltmann Law office to represent me in a case where my investment guy had lost a substantial amount of money in my account. He invested in some very speculative energy stocks which should not have been in my portfolio due to my request for a very conservative investment portfolio. I was very impressed and satisfied with the representation and negotiations on my behalf by Joe and Stoltmann Law offices and I would definitely recommend them to anyone who would be in need of a very fine firm. Anonymous
★★★★★
Never having a need to file suit against anyone, let alone a major multi-national brokerage firm, I was at a loss to find a legal firm to assist me. After much searching, I found Stoltmann Law Offices, PC. They were very diligent and professional in the handling of my case and I am glad that I retained their services. I would definitely refer them to anyone seeking similar help. Donald F.