{"id":32045,"date":"2026-11-02T20:00:00","date_gmt":"2026-11-03T02:00:00","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=32045"},"modified":"2026-11-02T20:00:00","modified_gmt":"2026-11-03T02:00:00","slug":"broker-fraud-lawyers-11-2026","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/","title":{"rendered":"Merrill Lynch Settles for $39M Class Action Lawsuit Alleging It Didn\u2019t Pay Enough Interest to Clients With Cash in Retirement Accounts"},"content":{"rendered":"<h1>Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate<\/h1>\n<p style=\"text-align: center;\"><em>Following a $39 million class action settlement where Merrill Lynch was accused of paying near-zero interest on retirement cash accounts, our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas are continuing to investigate affected investors. These securities attorneys help clients evaluate whether to remain part of a class action or pursue individual FINRA arbitration to maximize their recovery for mismanaged cash sweep programs.<\/em><\/p>\n<p>In a class action settlement,\u00a0<a href=\"https:\/\/www.investorlawyers.com\/merrill-lynch-bofa-acquisition.html\">Merrill Lynch<\/a>\u00a0agreed to pay $39M over allegations that it didn\u2019t pay enough interest to brokerage clients holding cash. Instead, contend the plaintiffs, the brokerage firm paid close-to-zero interest rates rather than market rates on the cash in their retirement accounts.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/\"  title=\"Continue Reading Merrill Lynch Settles for $39M Class Action Lawsuit Alleging It Didn\u2019t Pay Enough Interest to Clients With Cash in Retirement Accounts\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate Following a $39 million class action settlement where Merrill Lynch was accused of paying near-zero interest on retirement cash accounts, our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas are continuing to investigate affected investors. These securities attorneys help clients [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":32047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,5475,3783,4769,3762,4055],"tags":[4850],"class_list":["post-32045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-fraud-lawyers","category-broker-misconduct","category-broker-negligence","category-current-investigations","category-featured-investigation","tag-broker-fraud-lawyers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broker Fraud Lawyers - Shepherd Smith Edwards and Kantas<\/title>\n<meta name=\"description\" content=\"Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate Following a $39 million class action settlement where Merrill &#8212; November 2, 2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Fraud Lawyers - Shepherd Smith Edwards and Kantas\" \/>\n<meta name=\"twitter:description\" content=\"Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate Following a $39 million class action settlement where Merrill &#8212; November 2, 2026\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker Fraud Lawyers - Shepherd Smith Edwards and Kantas","description":"Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate Following a $39 million class action settlement where Merrill &#8212; November 2, 2026","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/","twitter_card":"summary_large_image","twitter_title":"Broker Fraud Lawyers - Shepherd Smith Edwards and Kantas","twitter_description":"Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate Following a $39 million class action settlement where Merrill &#8212; November 2, 2026","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Merrill Lynch Settles for $39M Class Action Lawsuit Alleging It Didn\u2019t Pay Enough Interest to Clients With Cash in Retirement Accounts","datePublished":"2026-11-03T02:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/"},"wordCount":599,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg","keywords":["Broker Fraud Lawyers"],"articleSection":["Broker Fraud","Broker Fraud Lawyers","Broker Misconduct","Broker negligence","Current Investigations","Featured Investigation"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/","url":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/","name":"Broker Fraud Lawyers - Shepherd Smith Edwards and Kantas","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg","datePublished":"2026-11-03T02:00:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Our Broker Fraud Lawyers at Shepherd Smith Edwards and Kantas Are Continuing To Investigate Following a $39 million class action settlement where Merrill &#8212; November 2, 2026","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg","width":600,"height":400,"caption":"Broker Fraud Lawyers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-lawyers-11-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Merrill Lynch Settles for $39M Class Action Lawsuit Alleging It Didn\u2019t Pay Enough Interest to Clients With Cash in Retirement Accounts"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2026\/11\/ssek-Broker-Fraud-Lawyers.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-8kR","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/32045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=32045"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/32045\/revisions"}],"predecessor-version":[{"id":32046,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/32045\/revisions\/32046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/32047"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=32045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=32045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=32045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}