The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it filed a $1 million securities arbitration claim against Banc of America Investment Services n/k/a Merrill Lynch (“Merrill Lynch”) on behalf of a UPS (NYSE: UPS) employee due to the failure of Merrill Lynch to advise, explain and implement risk management strategies to protect the Claimant’s concentrated position in UPS stock that served as collateral for his line of credit. The suit was filed with FINRA’s arbitration department. According to the Claim, the Claimant worked over 34 years with UPS and accumulated shares of the company through UPS’ Employee Stock Purchase Plan and Managers Incentive Program. The Claimant also opened a Hypothecation Loan (“Hypo Loan”) whereby the UPS stock served as collateral. The Claimant eventually moved his Hypo Loan to Banc of America Investment Services n/k/a Merrill Lynch. The Claim is based on the firm’s failure to recommend and implement a risk management strategy that would have prevented collateral calls from forcing the sale of the UPS stock. The sole purpose of this release is to investigate, on behalf of our clients, the sales practices of Banc of America and Merrill Lynch in connection with the handling of concentrated, leveraged stock portfolios for UPS employees. Current and former UPS employees who held accounts with the brokerage firms Banc of America or Merrill Lynch, and have information relating to the manner in which these firms handled their concentrated, leveraged portfolios, are encouraged to contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com.