Merrill Lynch Funds’ Sales Practices Under Investigation

November 7, 2001
AFX News
AFP-Extel News Ltd

NEW YORK (AFX) – Merrill Lynch & Co Inc’s sales practices have been placed under investigation by law firm Klayman , Lazarus & Toskes, it said, on behalf of the bank’s customers who purchased the Merrill Lynch Focus Twenty and Premier Growth Funds.

The investigation will focus on the sales practices used by Merrill Lynch’s stockbroker/financial advisor in marketing this investment to their customers, the law firm said in a statement.

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