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McKinney v Merrill Lynch - $3.321 Million Concentration / Variable Prepaid Forward Award

In October 2007, a FINRA arbitration panel in Indianapolis, IN ordered Merrill Lynch to pay $3.321 million to a Claimant. Claimant alleged that Merrill Lynch recommended that she purchase investments on margin despite holding a concentrated single-stock position and that Merrill Lynch engaged in self-dealing by causing her to enter into a complex, costly and unsuitable liquidity contract (variable prepaid forward). Dr. McCann testified on behalf of the Claimant.

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Craig J. McCann
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