CCA Industries Inc
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Consumer Staples : Personal Products | Small Cap ValueCompany profile

CCA Industries, Inc. (CCA) manufactures and distributes health and beauty aid products. The Company is engaged in the sale of products in several health-and-beauty aids over-the-counter drug and remedies, and cosmeceutical categories. Under its brand names, the Company markets several different but categorically related products. The Company's principal brand and trademark names include Plus+White (oral health-care products), Sudden Change (skin-care products), Nutra Nail (nail treatments), Bikini Zone (pre and after-shave products), Hair Off (depilatories), Solar Sense (sun-care products), Sunset Cafe (perfumes), Lobe Wonder (ear-care product) and Scar Zone (scar diminishing cream).The Company markets its products to drug, food and mass-merchandise retail chains, warehouse clubs and wholesalers, throughout the United States, and through distributors internationally.

Closing Price
$2.77
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
3,066
0

Wolf Popper LLP Files Class Action Complaint Against Merrill Lynch, Pierce, Fenner & Smith Inc. Challenging Merrill's Low-Interest Sweep Account Practices

1:37 pm ET August 29, 2019 (PR Newswire) Print

Wolf Popper LLP has filed a class action complaint in the U.S. District Court for the Southern District of New York (Case No. 1:19-cv-07998) against Merrill Lynch, Pierce, Fenner & Smith, Inc., a wholly-owned indirect subsidiary of Bank of America Corporation (NYSE: BAC). The lawsuit challenges Merrill's practice of defaulting customers into its lowest yielding "sweep account," which currently pays a paltry 0.05% annual percentage yield on cash balances. Merrill's interest rates are dramatically below competitors' rates of approximately 2.0%. Moreover, Merrill fails to follow SEC rules in initiating client accounts, which require clients' "prior written affirmative consent" before Merrill sweeps their cash.

The lawsuit, among other things, seeks to compel Merrill to adopt transparent disclosure concerning cash investments and pay investors reasonable, market-based interest on cash balances. The lawsuit also seeks payment of back interest.

Interested persons may contact Robert C. Finkel for more information concerning the litigation.

Contact: Robert C. Finkel
         Wolf Popper LLP
         rfinkel@wolfpopper.com
         www.wolfpopper.com
         (212) 451-9620

https://c212.net/c/img/favicon.png?sn=DC56315&sd=2019-08-29

View original content:http://www.prnewswire.com/news-releases/wolf-popper-llp-files-class-action-complaint-against-merrill-lynch-pierce-fenner--smith-inc-challenging-merrills-low-interest-sweep-account-practices-300909264.html

SOURCE Wolf Popper LLP

https://rt.prnewswire.com/rt.gif?NewsItemId=DC56315&Transmission_Id=201908291337PR_NEWS_USPR_____DC56315&DateId=20190829

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