Goodman & Nekvasil P.A., May Recover Investor Losses – Lawrence Leslie Miller Jr. (Lawrence Miller) Fired by LPL Financial LLC and Summit Brokerage Services
From 2005 until Lawrence Miller’s firing in 2015, Lawrence Miller was licensed with LPL Financial LLC. Lawrence Miller was also licensed with Summit Brokerage Services. According to FINRA’s records, Lawrence Miller was fired by both LPL Financial LLC and Summit Brokerage Services in 2015. FINRA reports Lawrence Miller was fired for providing access to LPL systems to an unauthorized user and/or preparing a non-genuine document (IRS Form 1040, page 1) in response to a request for customer identification documents.
Subsequent to Lawrence Miller’s firing by LPL Financial LLC and Summit Brokerage Services, FINRA investigated Lawrence Miller and brought a disciplinary action against Lawrence Miller. Lawrence Miller was permanently barred from the securities and investment banking industry in February 2016. Lawrence Miller consented to findings that Lawrence Miller refused to provide on-the-record testimony as requested by FINRA during the course of an investigation into allegations that Lawrence Miller arranged for an unauthorized person to access LPL Financial LLC’s client account information via LPL Financial LLC’s online database.
FINRA reports that an arbitration claim was filed alleging fraud, negligence, intentional breach of fiduciary duty, negligent misrepresentation, negligent breach of fiduciary duty, unsuitability, and professional negligence. This claim involving Lawrence Miller’s conduct did not settle and proceeded to final hearing. The arbitration panel found Lawrence Miller jointly and severely liable on Count II, negligence and ordered a $131,441 award to the customer.
If you lost any money on investments with Lawrence Miller while Lawrence Miller was employed with LPL Financial LLC and/or Summit Brokerage Services, you may be able to recover your losses from LPL Financial LLC and/or Summit Brokerage Services. This is because by LPL Financial LLC and Summit Brokerage Services had a duty to supervise Lawrence Miller.
If you lost money on investments with Lawrence Miller and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against LPL Financial LLC and/or Summit Brokerage Services concerning Lawrence Miller’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Lawrence Miller and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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