Lax and Neville LLP has been extremely successful in bringing claims by investors who lost money invested with the Merrill Lynch Phil Scott Team. Specifically, in the past six months, Lax & Neville LLP has won TWO arbitration awards ( Douglas and Kristin Mirabelli v. Merrill Lynch, Pierce, Fenner & Smith, Inc. - FINRA No. 10-03400) ( John J. Baker, Natalie N. Baker and Harriet B. Baker v. Merrill Lynch, Pierce, Fenner & Smith, Inc. - FINRA No. 09-06762) against Merrill Lynch for purported sales practice abuses concerning the Merrill Lynch Phil Scott Team and the Merrill Lynch Phil Scott Team Income Portfolios. The Merrill Lynch Phil Scott Team recommended that these investors put "all of their eggs in one basket" by investing 100% of their investable assets in the Merrill Lynch Phil Scott Team Income Portfolios, which were made up entirely of 100% equities. We claimed that these recommendations were patently unsuitable as they were made without any regard of the investors' risk tolerances and investment objectives. The Phil Scott Team also represented that the Merrill Lynch Phil Scott Team Income Portfolios would provide income and preservation of capital, which the investors argued was materially misleading and false.
If you invested with the Merrill Lynch Phil Scott Team and had a similar experience with the Merrill Lynch Phil Scott Team, please call Lax & Neville LLP, (212) 696-1999.
