Merrill Lynch / Bank of America Wants Former Reps to Return to Merrill

Posted on December 27th, 2014 at 1:33 PM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Merrill Lynch is offering former brokers 400% transition deals to return to the firm and sing its praises. Merrill’s current advisors are not happy about the strategy. The new program specifically is reaching out to Merrill advisors and teams that left the firm during the financial crisis. Merrill is offering the premium deal and is promising to payoff (upfront) any and all remaining forgivable loan balances that remain at their current firm.

We highly recommend that advisors retain competent securities counsel to negotiate those deals, in advance of any such transactions.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law Offices, Eccleston Law LLC, James Eccleston, Merrill Lynch, Bank of America

Return to Archive

TESTIMONIALS

Previous
Next

Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

March 11, 2025
Former CNBC Analyst Pleads Guilty to $2.7 Million Securities Fraud Scheme

James Arthur McDonald Jr., a former financial advisor and frequent CNBC guest analyst, has agreed to plead guilty to securities fraud, admitting to defrauding investors out of at least $2.7 million, as reported by ThinkAdvisor. The felony charge carries a maximum sentence of 20 years in federal prison.

March 10, 2025
Wells Fargo and Merrill Lynch Settle SEC Charges Over Cash Sweep Program Policies

The Securities and Exchange Commission (SEC) has announced settlements with Wells Fargo Clearing Services LLC, Wells Fargo Advisors Financial Network LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated over allegations that they failed to implement proper policies and procedures for their cash sweep programs.

March 7, 2025
FINRA Orders $8.2 Million in Restitution for Mutual Fund Customers

FINRA has directed Edward Jones, Osaic Wealth, Inc., and Cambridge Investment Research, Inc. to pay more than $8.2 million in restitution to customers harmed by failures to provide mutual fund sales charge waivers and fee rebates.