Articles Tagged with CYES Investor Loss Lawyers

Merrill Lynch and Harvest Volatility Management To Pay $9.3M Over CYES Strategy 

SEC Alleges That Investors Ended Up Losing Money and Paid Higher Fees 

According to the US Securities and Exchange Commission (SEC), Merrill Lynch and Harvest Volatility Management have consented to pay a combined $9.3M penalties and disgorgement to settle charges accusing both firms of exceeding client investment limits when employing the Collateral Yield Enhancement Strategy (CYES). This purportedly cost customers to pay higher fees and suffer investment losses.