BNY Mellon Discretionary Investments Violated Agreements Complaint

December 21, 2020

BNY Mellon, NA is a subsidiary of the Bank of New York Mellon Corporation which has a wealth management division. Customers for this division may entrust funds to the bank and rely on the bank “to invest those funds at the Bank’s prudent discretion.” The bank has full investment authority over those funds. However, the complaint for this class action alleges that the bank did not meet its fiduciary duties to those customers.

Case Event File: BNY Mellon Discretionary Investments Violated Agreements Complaint

Related to: BNY Mellon Discretionary Investments Violated Agreements Class Action