David Michael Miller— Unsuitable Recommendations Regarding Investment Trusts

investment fraud attorney ClevelandDavid Michael Miller Allegedly Made Unsuitable Recommendations Regarding Investment Trusts

David Michael Miller, a broker with Huntington National Bank in Columbus, Ohio, allegedly recommended 140 unit investment trust purchases which totaled more than $5.3 million in 129 customer accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

David Michael Miller allegedly made said negligent misrepresentations and omissions of material fact in connection with seven customers’ purchases of UITs, the aforementioned Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating David Michael Miller’s alleged unsuitable recommendations regarding investment trusts.

David Michael Miller Allegedly Failed to Educate Himself Regarding the Features and Risks of UITs, Ordered by FINRA to Disgorge $15,161.54 as a Fine Plus Interest and Pay Restitution of $799,161.07, Plus Interest

David Michael Miller was allegedly scolded by regulators for allegedly not having properly gained suitable education regarding the features and risks of the aforementioned products, according to the aforementioned Complaint being examined by attorneys Alan Rosca and James Booker.

David Michael Miller, as a result of the aforementioned behavior, allegedly violated FINRA Rules, and hence was also ordered by FINRA to disgorge as a fine $15,161.54, plus interest, and pay restitution of $799,161.07, plus interest, the aforementioned Complaint reports.

In sum, Miller’s alleged unsuitable recommendations and misrepresentations and omissions caused his customers to lose a total of $1,019,656.83, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unsuitable recommendations, and are currently investigating David Michael Miller’s alleged unsuitable recommendations regarding investment trusts.  They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of David Michael Miller’s alleged unsuitable recommendations regarding investment trusts are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.