Consumer reviews and reports on scam companies, bad products and services
"INVESTOR BEWARE" OF MERRILL LYNCH ARBITRATION,CHURNING AND OTHER DIRTY TRICKS.
2nd of Jan, 2000 by User396554
A group of Flint Michigan investors were presented a fake track record by Merrill Lynch concerning one of their managed programs. By the end of the first year, those who invested, lost most of their funds through churning commissions. A mulitple party lawsuit was filed and subsequently rejected in Federal Court, and forced into arbitration. The arbitrators, who were paid by Merrill Lynch, ruled in their favor.This resulted in tremendous losses for the investors and a lesson learned. For those who have been used and abused by Merrill Lynch, I have written a 265 page book entitled "Tradition of MisTrust" which was inspired from the Merrill advertising motto years past. For more information to ehhance your investor awareness check out URL

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