Merriman Holdings, Inc. (OTCPK:MERR) announced a private placement of promissory notes for gross proceeds of $500,000 on December 13, 2012. The transaction will see participation from an unrelated outside party, which will invest $300,000 and Ronald L. Chez, the Co-Chairman of the company, who will invest $200,000. The notes bear interest at 8% per annum and will mature in six months from the date of issuance.