Kenneth Lynn Miller—Misappropriation of Funds

investment fraud attorney ClevelandKenneth Lynn Miller Allegedly Diverted $950,000.00; Misappropriated Funds of Retail Bank Customers for His Personal Use

Kenneth Lynn Miller, who was a dual employee of First Tennessee Bank/FTB Advisors, allegedly misappropriated the funds of retail bank customers for his personal use, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Said AWC further details and alleges that Kenneth Lynn Miller, from November 23rd, 2015 through February 9th, 2016, purportedly diverted $950,000.00, the AWC notes.

Kenneth Lynn Miller, who was terminated by FTB on February 25, 2016, then allegedly failed to provide documents and information as requested by FINRA staff in a letter dated March 7, 2016, which is a violation of FINRA Rules, the AWC reports.

Kenneth Lynn Miller Barred by FINRA for Failure to Provide Documents and Information during the Course of an Investigation

Kenneth Lynn Miller, through his attorney, allegedly acknowledged that he received FINRA’s request that he would not provide the requested documents and information at any time, according to the AWC.

Miller, by refusing to respond to FINRA’s request for documents and information as requested pursuant to FINRA Rules, allegedly violated FINRA Rules. As a result, Miller has been barred by FINRA, the AWC notes.

One should also note that, according to the AWC, Kenneth Lynn Miller neither admitted nor denied the FINRA findings.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of brokers misappropriating funds.  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 brokers diverting customer funds are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 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.