Project Veritas Exclusive Tape of Bank of America Merrill Lynch Client Call

VIDEO: Exclusive Tape of Bank of America Merrill Lynch Client Call

Project Veritas released a new video today exposing a Bank of America Merrill Lynch [BOAML] employee admitting that his employer sides with big banks and hedge funds over individual investors.

Here are some of the highlights from today’s video:
Anthony Daniels, BOAML Employee: “If I take the Merrill name badge off of my shirt right now, watching what’s been going on today [Jan. 28], it’s very clear to me that it looks like they’ve [BOAML] taken the side of the institutional investors.”
Daniels: “So, you have 12,584 shares of BNGO. That’s essentially your only holding in the account.”
Daniels: “You got your account all exposed to one stock — that has a potential extra risk involved there. So, they [BOAML] are increasing the margin requirements to 75% from the initial 30% to manage the risk in the account.”
Bank of America responds: “We don’t take sides or favor one group of investors. We took a number of steps during the unprecedented market volatility, including adjusting client margin requirements for stocks that were at the center of that volatility.”

You can watch the video here:

This video gives us a good glimpse into how banks operate when under pressure.

It is interesting that this call happened on the same day as the Robinhood scandal, and the BOAML employee said it was a “strange” and “fishy” situation.

Recordings that the public needs to know about can be sent to [email protected], where the Project Veritas team can review and may publish depending on its newsworthiness.

In Truth,

James O’Keefe