Berry et al v Merrill Lynch - $752,000 72(t) Award

In September 2004, an NASD arbitration panel in Indianapolis, IN ordered Merrill Lynch to pay $752,000 including $191,000 in punitive damages to a group of Claimants in a 72(t) case. The Claimants alleged that Merrill Lynch failed to properly train and supervise their brokers and provided brokers with deceptive tools to use when advising clients whether to retire and how aggressive their retirement portfolios should be. Dr. McCann testified on behalf of the Claimants.

Read More
Craig J. McCann