Merrill Lynch Ordered To Pay $3,684,163 in Damages and Other Costs Following Unsuitable Private Equity Recommendations: Report

{"id":"https://dailyhodl.com/?p=338237","title":"Merrill Lynch Ordered To Pay $3,684,163 in Damages and Other Costs Following Unsuitable Private Equity Recommendations: Report","primaryLink":"https://dailyhodl.com/2025/07/15/merrill-lynch-ordered-to-pay-3684163-in-damages-and-other-costs-following-unsuitable-private-equity-recommendations-report/","links":["https://dailyhodl.com/2025/07/15/merrill-lynch-ordered-to-pay-3684163-in-damages-and-other-costs-following-unsuitable-private-equity-recommendations-report/"],"updatedOn":"0001-01-01 00:00:00Z","publishDate":"2025-07-15 20:00:55Z","summary":"

Merrill Lynch will have to shell out nearly $3.7 million in damages and other costs after arbitrators sided against the wealth management firm following a private equity complaint. Two customers, Qun He and Haihui Zhang, filed a complaint against Merrill, Bank of America’s wealth management division, in late 2023, alleging the firm violated securities laws, […]

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The post Merrill Lynch Ordered To Pay $3,684,163 in Damages and Other Costs Following Unsuitable Private Equity Recommendations: Report appeared first on The Daily Hodl.

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