Spencer Miller Has An Investor Complaint – Goodman & Nekvasil, P.A., May Recover Investor Losses
Westlake Village financial advisor Spencer Miller (CRD# 6273107) recently received an investor complaint alleging his advice resulted in losses. Records provided by the Financial Industry Regulatory Authority show that he is a broker and an investment advisor with Merrill Lynch. He is also registered with the firm’s office in Boise, Idaho.
Mr. Miller’s BrokerCheck report discloses one investor complaint. Filed in July 2023, it alleges that as a representative of Merrill Lynch, he recommended unsuitable private placements. The pending complaint alleges unspecified damages.
Under FINRA Rule 2111, brokers must recommend only investments or strategies that are suitable for their clients. To ascertain an investment’s suitability, they must conduct reasonable diligence into the client’s investment profile, which includes their age, risk tolerance, investment objectives and experience, and other factors.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 8/25/23. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.