Complaint / review text:
Five years ago we invested $100K with ML. The investment was for a growth portfolio which according to our ML porfolio manager would at least double over seven years. We were also told that our original investment capital couldnt be touched...in worst case we would always get that back. Now the portfolio balance has dropped below the original $100K investment value and ML is now trying to tell us that we can in fact loose the initial investment. They misrepresented the risk potential of the investment as well as have done nothing over the five years to manage the investment they were entrusted
We want to take our money out of ML because of ongoing trust issues both with the office involved and ML in general based on their CEO's misuse of funds etc. We dont trust ML or their financial expertise to manage our investments. We stand to loose a significant piece of our investment. I want them to resore the original 100K plus pay us interest for the money for the 5 years it did nothing since the investment was their recommendation as being a safe investment.