Harvest Volatility CYES: Merrill Lynch Investor Notice

Haselkorn & Thibaut (InvestmentFraudLawyers.com) continue their investigations into the Harvest Volatility Management Collateral Yield Enhancement Strategy (Harvest CYES) that Merrill Lynch investors purchased. Harvest CYES was sold to brokerage clients of Merrill Lynch as a managed options trading account strategy. The investigation will focus on the legal claims submitted by Merrill Lynch customers for their losses in the CYES harvest bordering on false risk statements, material omissions, and recommendation of an unsuitable investment by Merrill Lynch.

What is Harvest CYES and “Iron Condor”

The Harvest CYES strategy involved trading in “Iron Condor” options in order to earn premium income from short put and call covered options. According to InvestmentFraudLawyers.com, a strategy like this is speculative and aggressive with the potential to lead to losses in the event of a recession or stock market volatility. Investors who do not seek this type of risk should not invest in Harvest CYES. If there is an investor who has suffered a loss in Harvest CYES, this investor should contact us to allow us to review our portfolio.

On August 23, 2019, the WSJ.com reported on an investor arbitration attempt to recover a loss of $750,000 they suffered in the UBS Yield Enhancement Strategy (YES). According to the article, the investor’s financial advisor not only did not disclose the risks of YES, but he also deceived her about her resume and her security.

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What can CYES Harvest investors do?

Investors that lost money in “yield enhancement strategies” may be able to recover Harvest CYES investment losses.  The sole purpose of this notice is to investigate how Merrill Lynch handled the CYES Harvest recommendations and transactions with investors as well as the supervision of the same. If you have any knowledge or experience with these matters, please call 1-888-628-5590. With offices in Florida, New York, Arizona, Texas, and North Carolina, Haselkorn & Thibaut, P.A. is available to assist investors nationwide.

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