Merriman Holdings, Inc. Names John Chung to Its Independent Advisory Board

SAN FRANCISCO, April 10, 2012 /PRNewswire/ -- Merriman Holdings, Inc. (OTCQX: MERR), the parent company of Merriman Capital, Inc., today announced that it has appointed John Chung to its independent advisory board.  

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John has more than 25 years of concentrated experience in SEC/FINRA compliance and securities regulation.  Following appointments as an Assistant District Attorney (Brooklyn, New York) and Senior Counsel in Enforcement at the AMEX, John served as Senior Counsel in charge of West Coast litigation for Prudential Securities; Chief Compliance Officer for Sutro & Co.; General Counsel for Van Kasper & Co.; Chief Operating Officer for Wells Fargo Van Kasper; and Chief Legal and Compliance Officer for SVB Securities, a division of Silicon Valley Bank.  In 2003, John founded Gold Mountain Consulting, where he advises broker-dealers and registered investment advisors on compliance matters and regulatory processes and issues. John has been certified as an expert in more than 50 arbitration hearings in areas such as suitability, supervision, BD/RIA standards of care, asset allocation, due diligence, options, structured products and PPM disclosure requirements.  John is a former Chairperson of the NASD's District Business Conduct Committee (District 1). He is a graduate of the Securities Industry Institute Wharton Program and a member of Arboretum Asset Management's Independent Advisory Board. 

"John will be an excellent advisor for us as we grow the firm and navigate the rapidly shifting regulatory and brokerage environment, as well as advancing our Financial Entrepreneur Services platform. I look forward to working with him again," stated Jon Merriman, CEO of Merriman Holdings, Inc.

About Merriman Capital, Inc.

Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.

Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.

Note to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on March 30, 2012. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K filed on March 30, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."

SOURCE Merriman Holdings, Inc.