Merrill Lynch (financial advisor: Shaun Cosby)
Merrill Lynch, financial advisor: Shaun Cosby cheat, fraud, lied

Business & Finance

I went to Merrill Lynch to purchase some annuities, investments, if you will. I was directed to financial advisor, Mr. Shaun Cosby to whom I explained my situation that I needed to purchase 2 FIXED annuities, at 6%, earning approximately$3,575.54 per year at a monthly distribution of $297.96 for one and on the other annuity approximately $12,600 per year or 1,050.00 per month.
Due to a court order I was ordered by a judge to purchase these investments, not allowing them to drop below $250,000.00 on my death bnifits, AT ANY TIME, which I immediately gave a copy of this order to my financial advisor to avoid ANY confusion at any time on what I not only needed, wanted BUT BY COURT ORDER WAS INSTRUCTED TO OBTAIN, AND MAINTAIN!

Unfortunately, within 3-6 months later I FINALLY recieved the contracts of the purchased "FIXED 6% annuities" purchased through Shaun Cosby, everything seeming to be on one accord with my wishes and also for my order from a local judge on behalf of my former spouse. Again, UNFORTUNATELY approximately 2 years later after date of purchase, I was informed, AFTER MY INQUIREE that my total in fact HAD DROPPED BELOW THE COURT ORDERED $250,000.00 all the way to $30,000.00 less than the specified, agreed upon with signatures, previously stated-$250,000.00. Also in addition to this horrifying information i recieved at this time, i also learned that mr. Shaun cosby sold me, to his discretion and for his benifit, 2 variable annuities so that the amount actually fluctuates with the market ending in less monies than one would need or have to maintain if fixed annuities were needed. So as you see, mr. Shaun cosby at merrill lynch not only lied to me, but cheated me because upon many, many inquirees to other brokers i was informed that mr. COSBY IN FACT MADE MORE MONEY FOR EACH VARIABLE ANNUITY HE DID PURCHASE AS OPPOSED TO THE FIXED ANNUITIES OF WHICH I ASKED FOR, AND AGREED UPON THINKING I DID PURCHASE, UNTIL I WAS INFORMED 2 YEARS LATER.

At that time i was actually on the brink of incarceration due to contempt, all because mr. Shaun cosby chose to invest my money into 2 variable annuities so he could make more money rather than doing as i asked from him.

HERE I AM, ABOUT 6 YEARS LATER, SINKING INTO POVERTY DUE TO THIS MISHAP, and due to no fault of my own, while Mr. Shaun Cosby is wealthy and prosperous due to these "mistakes."
I need some help to retrieve my $75-80,000.00 back IMMEDIATELY.


Company: Merrill Lynch (financial advisor: Shaun Cosby)
Country: USA
State: Alabama
City: Birmingham
Address: 420 20th st south Suite 2600
Phone: 2053269742
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