Derek Lee Miller — Alleged Failure to Respond toa FINRA Investigation
Derek Lee Miller Allegedly Failed to Follow Firm Policies and Procedures Regarding Unit Investment Trusts (UITs)
FINRA was investigating Miller after he was fired from his brokerage firm, Securities America, Inc., for allegedly failing to follow firm policies and procedures regarding unit investment trusts, or UITs, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).
Derek Lee Miller, of Redondo Beach, California, was a financial advisor and registered representative of Securities America, Inc. from March 2013 to October 2014, and also was affiliated with Cambridge Investment Research from June 2010 to March 2013, the AWC notes.
Derek Lee Miller Barred by from the securities industry by FINRA after he failed to respond to a FINRA investigation
Derek Lee Miller received a letter from FINRA on July 10, 2015 in connection with an investigation into potential unsuitable trading, and FINRA staff also sent a letter to Miller, pursuant to FINRA Rules requesting that he appear on August 4, 2015 to provide on-the-record testimony, according to the AWC.
By refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, Miller violated FINRA Rules, the AWC reports.
Hence, Miller has been barred from association, in any and all capacities, with any FINRA member firm, according to the AWC.
The Peiffer Wolf Carr & Kane Investor Rights Lawyers Fight to Help Investors
The Peiffer Wolf Carr & Kane investor rights lawyers often represent investors who lose money as a result of alleged broker misconduct. 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 alleged broker misconduct may contact the investor rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Derek Lee Miller
Status: INVESTIGATED by Peiffer Rosca.
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