Merrill Lynch manager, Joe Gualtieri, in Philadelphia sent me a letter with no explanation why he was liquidating my retirement investments. I contacted him and my financial advisor to be told by the advisor, he did not know why and Joe did not return my calls.
When a letter was requested to explain why, none was sent.
This had been a 5 year association with trust on my part. Now I am facing a withdrawal fee and 60 days to find a new investment company.
At my age, this is very disappointing and has caused much anguish. This should not happen to anyone.
Monetary Loss: $6000.