Merrill Brokers Can Pursue Recovery of Their Deferred Compensation Losses Under ERISA: Contact KT Law Immediately
National securities attorneys KlaymanToskes are investigating Merrill Lynch, a division of Bank of America (NYSE:BAC), over allegations of illegal withholding of deferred compensation for former financial advisors.
The firm has filed arbitration claims under ERISA and urges ex-Merrill brokers with losses over $100,000 to contact them. KlaymanToskes, led by Lawrence L. Klayman, specializes in securities arbitration and has recovered substantial amounts in previous cases.
The firm operates in multiple locations, including California, Florida, New York, and Puerto Rico.
- KlaymanToskes has a strong track record in recovering significant sums in securities litigation and arbitration, boosting investor confidence.
- The firm is taking active steps to address deferred compensation issues, potentially benefiting former Merrill brokers.
- ERISA's anti-forfeiture provisions may protect affected employees, enhancing the prospects of successful claims.
- The legal actions highlight potential internal issues within Merrill Lynch, which could damage its reputation and investor sentiment.
- Ongoing arbitration claims could lead to financial liabilities for Merrill Lynch, possibly impacting Bank of America's overall financial health.
Merrill Brokers With Over
NEW YORK, NY / ACCESSWIRE / June 10, 2024 / National securities attorneys KlaymanToskes continues investigating Merrill Lynch, a division of Bank of America (NYSE:BAC), on behalf of former financial advisors following the filing of the firm's arbitration claim alleging that Merrill illegally withheld its brokers' deferred compensation. All former Merrill brokers/advisors who have suffered deferred compensation damages in excess of
KlaymanToskes reports the law firm is pursuing multiple arbitration claims against Merrill in deferred compensation disputes, and has been contacted by many former Merrill financial advisors who are seeking to recover their unpaid deferred compensation through the filing of FINRA arbitration claims. KlaymanToskes believes Merrill Lynch's deferred compensation plan for employees qualifies as an employee benefit plan governed by the Employee Retirement Income Security Act of 1974 (ERISA), and is therefore subject to its anti-forfeiture provisions.
KlaymanToskes is a leading national securities law firm which represents industry professionals who have been involved in a number of employment-related disputes including unpaid compensation, commission, and bonuses. The law firm's founder and managing partner, Lawrence L. Klayman, Esq. has extensive experience as a former securities broker and has spent decades applying his knowledge gained on Wall Street representing brokers and financial advisors in a range of employment law matters.
If you are a former Merrill financial advisor or other securities industry professional facing an employment dispute, contact attorney Lawrence L. Klayman at (888) 997-9956 or by email at investigations@klaymantoskes.com in furtherance of our investigation.
About KlaymanToskes
KlaymanToskes is a leading national securities law firm co-founded by former securities broker Lawrence L. Klayman, which practices exclusively in the field of securities arbitration and litigation on behalf of both investors and financial industry professionals throughout the world in large and complex securities matters. The firm has recovered over
Contact
Lawrence L. Klayman, Esq.
KlaymanToskes, P.A.
+1 888-997-9956
investigations@klaymantoskes.com
SOURCE: KlaymanToskes, P.A.
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FAQ
What is the recent investigation involving Bank of America (BAC) and Merrill Lynch?
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