David Michael Miller— Unsuitable Recommendations Regarding Investment Trusts
David 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.