I am going to go through how Merrill Lynch is defending itself with their Statement of Answer in this claim. I want to point out that you don't need to be a securities attorney to understand Reg BI. You need to be eligible for jury duty and have $5,000 in a 401k or IRA or a regular account at Vanguard, Schwab, Morgan Stanley, etc. You just have to be a retail customer . This is a plain English rule. If you are a retired teacher or a truck driver you are a Reg BI expert. The

In the spirit of this website, I am going to present the industry side, the side of this claimant and my opinion as a retail customer....

Brokers are afraid to offer the advisory account because they get paid huge commissions in brokerage accounts. They get paid those...

Variable annuities are complicated products with high commissions and deferred sales charges. Regulation Best Interest protects you....

If you invested in a Private Equity feeder fund through any of the large wealth managers, you almost certainly have a claim under Reg BI....

In the example below, the incentives the broker had to make a commission come out clearly. The client had no idea. It really shows you...

Retiree- 65- Ohio: Couple- Wife- I invested $150,000 in a variable annuity in 2021, It is now worth $160,000-AFTER 5 YEARS. If it had...