Bank of America released on May 6 a detailed informational statement addressing the risks associated with investing in securities, along with disclosures about its financial products and services.
The announcement highlights the importance for investors to consider their own objectives and circumstances before making any financial decisions. The company said, “Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.” It also stated that materials provided are not recommendations or offers for any particular security or strategy.
The statement explains that some content may be produced by outside parties unaffiliated with Bank of America. “Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement,” the company said. The bank also cautioned that it does not assume liability for losses resulting from reliance on this information.
Bank of America provides a range of financial services including banking, investing, asset management, insurance and annuity products through various subsidiaries such as Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and Merrill Lynch Life Agency Inc., according to the official website. These offerings are available globally as Bank of America maintains operations in more than 35 countries to serve its clients worldwide. The company focuses on environmental, social and governance leadership to address global challenges sustainably while aiming to improve financial lives by leveraging connections and promoting responsible growth for clients, communities, employees and shareholders.
Additional details include requirements for mobile banking use—such as downloading an app—and information about fees related to certain transfers. Disclosures note that investment products offered through MLPF&S are not FDIC insured, may lose value, are not guaranteed by the bank or government agencies, and are not deposits or conditions for other banking services.
