Dimond Kaplan & Rothstein, P.A. (“DKR”) represents investors who lost money in the Harvest Collateral Yield Enhancement Strategy (“Harvest CYES” or “CYES”). Merrill Lynch recommended the Harvest CYES options overlay strategy to customers as a low-risk way to generate income. But CYES actually was a complex strategy that exposed investors to a significant risk of loss. We believe that Merrill Lynch misrepresented the nature and risks of the Harvest CYES program to investors.

What Is Harvest CYES?

The CYES options overlay program involves buying and selling many puts and calls on the S&P 500 Index. While CYES marketing materials claim that the strategy involved “conservative risk” and was designed to limit losses and contain risk, investors actually stood to lose a significant amount of money. 

Investors were required to commit a minimum of $5 million in collateral (or a mandate) for the CYES option overlay strategy. In addition to paying commissions for each option trade and an annual fee of .5% of the collateral mandate, CYES investors also would pay a fee of 10% of any profits derived from the strategy. In short, Merrill Lynch was certain to profit handsomely from its sales of the Harvest CYES program, while investors were subject to significant risk.

Did Merrill Lynch Misrepresent the Risks of the Harvest CYES to You?

If Merrill Lynch represented to you that Harvest Collateral Yield Enhancement Strategy was a safe way to generate income and you lost money you can bring a FINRA arbitration claim in an effort to recover your losses. Merrill Lynch was prohibited from misrepresenting the risks of the strategy. If you lost money in Harvest CYES you should contact a lawyer with experience representing investors in investment fraud and broker negligence cases. 

DKR Represents CYES Investors

DKR’s lawyers have successfully handled numerous complex options cases over the years. In addition to representing Merrill Lynch Harvest CYES investors, DKR also represents investors who lost money in a similar options strategy recommended by UBS Financial Services, Inc. If you lost money in Harvest CYES or any other YES option strategy, we encourage you to contact us promptly for a free case evaluation.

Speak With A Securities Fraud Attorney Today

From its offices in Miami, Los Angeles, West Palm Beach, New York, and Naples. Dimond Kaplan & Rothstein, P.A. represents investors throughout the United States, Mexico, and throughout Latin America in stockbroker misconduct and investment fraud cases.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182