Our Investigation Into Merrill Lynch and Phil Scott

We are currently investigating Merrill Lynch and Phil Scott a/k/a Walter Schlaepfer, and the Phil Scott Team. Over the past eight months, two FINRA arbitration panels rendered Awards on behalf of customers of Phil Scott and Merrill Lynch who sought total damages of about $2.67 million. Collectively, the Panels awarded the Claimants about $2 million in compensatory damages, attorneys' fees, costs, interest, and forum fees. The Claimants alleged Phil Scott made unsuitable recommendations to place their assets in the Merrill Lynch Phil Scott Team Income Portfolios which were invested in 100% equities. If you have sustained losses with Mr. Scott or Merrill Lynch, please contact our law firm for a no obligation consultation.