The White Law Group is investigating potential claims involving Brian Keith Miller, a former financial advisor from Maryville, Tennessee. Specifically, The White Law Group is investigating the liability that the FINRA broker-dealers that employed Miller may have and whether victims may be able to recover their losses through the Financial Industry Regulatory Authority (FINRA) dispute resolution process.
It was recently reported that Brian Keith Miller has been sentenced to six years and eight months in federal prison for running a Ponzi scheme. Miller’s scheme allegedly took in 32 victims, including personal friends and relatives by marriage, who lost nearly $1 million total.
According to his FINRA Broker Report (CRD), Brian Keith Miller was registered with FINRA member firms up until January 2010, having worked at Anderson & Strudwick from April 2008 through January 2010, Newbridge Securities from October 2005 through March 2008, and Suntrust Investment Services from July 2003 through August 2005.
When a FINRA affiliated broker conducts business outside of the firm with whom he is registered the activity may be considered “selling away.” If a registered broker “sells away” from his firm, the firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim. As such, to the extent that Miller solicited investments in his ponzi scheme while registered with one of these firms, the firms may have liability for failure to properly supervise Miller.
If you invested with Brian Keith Miller while he was registered with a FINRA member brokerage firm and would like to speak to a securities attorney about your potential to recover losses through FINRA arbitration, please call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.