FINRA Claim Filed Against Merrill Lynch Over Investment Losses

VERO BEACH, Fla. - June 15, 2016 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Vero Beach, Florida investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Merrill Lynch unsuitably invested the client in the following investments (among potentially others):

Och-Ziff Capital Management

Northern Tier Energy

Eagle Rock Energy

Atlas Resource Partners

Breitburn Energy Partners

Memorial Production Partners

It is further alleged that many of these investments have lost in excess of 90% in just three years.
The claim seeks damages between $100,000 and $499,999.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Merrill Lynch failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

Finally, it is alleged that Baerbel O'Haire (CRD# 1457604) was the financial advisor of record at the time of the investment recommendations.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.