Lori Miller – Financial Advisor Lori Miller Suspended from Securities Industry

Goodman & Nekvasil P.A., May Recover Investor Losses | Lori Miller – Financial Advisor Lori Miller Suspended from Securities Industry

Lori Miller CRD #2788572

From 2014 until Lori Miller’s resignation in 2017, Lori Miller was licensed with Ameriprise Financial Services, Inc. Lori Miller was previously licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. According to FINRA’s records, Lori Miller was permitted to resign from Ameriprise Financial Services, Inc. on May 18, 2017. Ameriprise Financial Services, Inc. reported to FINRA that Lori Miller resigned while under review for company policy violations related to borrowing from a client and exchanging business related text messages with a client.

According to FINRA, Lori Miller was previously fired by Merrill Lynch, Pierce, Fenner & Smith Incorporated on February 21, 2012. Merrill Lynch, Pierce, Fenner & Smith Incorporated reported to FINRA that Lori Miller was accused of taking discretion in client accounts and mismarking orders.

Subsequent to Lori Miller’s firing by Merrill Lynch, Pierce, Fenner & Smith Incorporated, FINRA investigated Lori Miller and brought a disciplinary action against Lori Miller. Lori Miller was fined $10,000 and suspended for 30 days from the securities and investment banking industry on September 3, 2014. FINRA reports that Lori Miller consented to the sanctions and to the entry of findings that Lori Miller did not have written authorization from Lori Miller’s customers to effect discretionary trades in the customers’ accounts and Lori Miller’s member firm had not approved Lori Miller’s use of discretion in Lori Miller’s customers’ accounts. The findings stated that Lori Miller effected approximately 57-69 discretionary transactions in the securities accounts of seven firm customers. The findings also stated that Lori Miller mismarked approximately 54-70 order tickets in the same customers’ accounts as unsolicited orders when, in fact, the trades were solicited, causing the firm to maintain inaccurate books and records.  

FINRA reports that four arbitration claims and/or complaints were filed involving Lori Miller’s conduct with Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated. These arbitration claims and/or complaints allege unauthorized trading, excessive trading, unsuitable investment recommendations and/or misrepresentation. These arbitration claims and/or complaints all settled, with the largest settling for $125,000 and $104,000.

If you lost any money on investments with Lori Miller, you may be able to recover your losses from Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated. This is because Ameriprise Financial Services, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated had a duty to supervise Lori Miller. 

If you lost money on investments with Lori Miller and believe that 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 Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated concerning Lori 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 Lori 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.

 

Keywords: Lorene Fairbanks Miller, Lori Miller, Ameriprise Financial Services, Merrill Lynch, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities 

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