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Merrill Lynch

Merrill Lynch has faced several accusations of securities fraud, and has reached settlements in some of those cases.

In 2011, Merrill Lynch agreed to pay $10 million to settle charges that it misused private information of customers, charged clients trading fees without their permission or knowledge, and marked up the fees of some wealthy customers.

In another instance of Merrill Lynch fraud, the company in 2011 settled a lawsuit with the state of New York’s public worker pension fund for $4.25 million. The suit alleged Merrill Lynch misrepresented the value of some stocks during the subprime mortgage crisis, which cost the pension fund millions of dollars.

Also in 2011, a lawsuit claims Merrill Lynch sold products tied to Bernard Madoff’s massive Ponzi scheme. That suit seeks the return of $16 million in transfers related to the Madoff scandal.

If you were hurt in one of these situations, or another instance of Merrill Lynch fraud, call to set up an appointment with a Merrill Lynch lawyer at our firm. To explore your options for a possible Merrill Lynch lawsuit or arbitration.

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.