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Notice to All Customers of the Phil Scott Group and Merrill Lynch From the Securities Arbitration Law Firm of Klayman & Toskes

NEW YORK, March 14, 2013 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") announced today that it has been retained by former customers of the Phil Scott Group and are preparing to file securities arbitration claims against Merrill Lynch, a part of Bank of America, on their behalf. Phil Scott a/k/a Walter Schlaepfer and the Phil Scott Group worked out of Merrill Lynch's Bellevue, Washington branch office. According to Scott's securities license, he has been the subject of at least six customer complaints since 2008. All of the claims alleged that Scott made unsuitable investment recommendations and/or made misrepresentations. To date, FINRA Arbitration Panels have awarded customers about $3.7 million as a result of these complaints.

Investors who held accounts with the Phil Scott Group and Merrill Lynch are encouraged to contact K&T to explore their legal rights and options. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation.

If you wish to discuss this announcement or sustained losses of $750,000 or more by investing with the Phil Scott Group and Merrill Lynch, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on our website at Klayman & Toskes, P.A.

CONTACT: Klayman & Toskes, P.A. 888-997-9956Source:Klayman & Toskes P.A.