Monday, December 15, 2014

Efforts Continue to "BankofAmericanize" Merrill Brokers - No Compensation for "Small" Accounts

I am not quite sure when a $250,000 account became a small account, but Merrill Lynch told its brokers on Wednesday that it is eliminating pay for servicing clients with less than $250,000

Merrill Lynch & Co.Now, if you are a client at Merrill, with an account worth "only" $250,000, are you going to stay with Merrill? Of course not. 

And if you are a broker at Merrill, with any number of accounts in that range, are you going to stay with Merril?

The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including SEC and FINRA investigations, insider trading cases, securities arbitrations and class actions, nationwide. For more information call 212-509-6544 or send an email.
Post a Comment