MERRILL LYNCH HARVEST CYES LOSSES: Dimond Kaplan & Rothstein, P.A. Investigates Harvest CYES Investor Losses
Retrieved on:
Friday, November 1, 2019
(DKR) ( http://www.dkrpa.com ) is investigating Merrill Lynchs sales of the Harvest Collateral Yield Enhancement Strategy (Harvest CYES or CYES).
Key Points:
- (DKR) ( http://www.dkrpa.com ) is investigating Merrill Lynchs sales of the Harvest Collateral Yield Enhancement Strategy (Harvest CYES or CYES).
- Merrill Lynch recommended the Harvest CYES options overlay strategy to its brokerage firm customers as a low-risk way to generate a modest amount of additional income.
- But the CYES strategy actually was complex and risky and has caused significant investor losses.
- Merrill Lynch was prohibited from misrepresenting or omitting any material facts about CYES, including facts about the risks of the strategy.