NOTICE TO UPS EMPLOYEES WITH ACCOUNTS AT THE MERRILL LYNCH TAMPA, FLORIDA BRANCH OFFICE: Klayman & Toskes, P.A. Continues to Investigate and Pursue Claims on Behalf of UPS Employees Who Sustained Losses from Unsuitable Covered Call Writing Strategies

BOCA RATON, Fla.--()--Klayman & Toskes, P.A. (“K&T”),, continues to investigate FINRA arbitration claims for UPS (NYSE: UPS) employees with accounts at the Merrill Lynch Tampa, Florida, branch office, for losses sustained from unsuitable covered call writing strategies for concentrated UPS stock positions.

According to multiple claims, the Tampa, Florida branch office employed an unsuitable covered call writing strategy. After hard-working UPS employees accumulated thousands of UPS shares through UPS’s Employee Stock Purchase Program and the Manager Incentive Program, they were solicited to invest with Merrill Lynch, at the Tampa, Florida branch office. Merrill Lynch recommended a call writing strategy, to earn present income. The strike prices that the call options were sold at were far too low given market conditions. The strategy was improperly implemented, and it lead to UPS employees losing thousands of shares or significant amounts of money buying back the shares. The UPS employees did not want to lose shares, which they were assured they would not. More importantly, the shares paid out much needed quarterly dividends, which are relied upon in retirement.

The sole purpose of this release is to investigate the sales practices of Merrill Lynch for FINRA sales practice violations including: unsuitable recommendations, misrepresentation and omissions of material facts, and failure to supervise. UPS employees who held accounts at Merrill Lynch’s Tampa, Florida branch office, and have information relating to the manner in which the firm handled their concentrated portfolios, are encouraged to contact the attorneys of Klayman & Toskes, P.A., at (888) 997-9956, or visit our firm’s website at

About Klayman & Toskes, P.A.

K&T is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high net-worth, and institutional investors, such as non-profit organizations, unions, public pension funds, and multi-employer pension funds. K&T has office locations in California, Florida, New York, and Puerto Rico.



Klayman & Toskes, PA
Steven D. Toskes, Esq., 888-997-9956

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