[June 24, 2016]

MERRILL LYNCH INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Merrill Lynch on Behalf of Purchasers of Strategic Return Notes

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation on behalf of purchasers of Merrill Lynch Strategic Return Notes.

On June 21, 2016, the Wall Street Journal reported that the Securities and Exchange Commission is expected to file a civil enforcement case against Merrill over sales and marketing practices involving structured notes that lost 95% of their value. Merrill sold over $150 million worth of the notes, known as Strategic Return Notes, in 2010. The Notes were linked to Merrill's proprietary volatility index and came with roll costs of 12% of the principal in the first half of 2011 and 4% in the second half. Merrill's brokers were allegedly never told about the high roll costs associated with the Notes.

Then, on June23, 2016, the Financial Industry Regulatory Authority (FINRA) announced that it has fined Merrill $5 million for negligent disclosure failures in connection with the sale of the Notes.

KSF's investigation is focusing on whether Merrill Lynch violated state or federal laws.

If you are a Strategic Return Notes purchaser and have suffered losses, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]).

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160624005065/en/

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