Have you suffered losses on investments made through former broker Patricia S. Miller? If so, The White Law Group may be able to help you recover your investment losses through a FINRA arbitration claim against the brokerage firm that employed her.
According to a press release from the United States Attorney Office Massachusetts, on June 6th 2014, Miller, a Massachusetts-based broker, was arrested in Pennsylvania on wire fraud charges for allegedly orchestrating a Ponzi scheme. The complaint accuses Miller of using her position as a trusted financial advisor to obtain funds from clients which she allegedly misappropriated and used for personal expenses.
Miller allegedly touted high returns if clients put their money into her “investment club,” which she said would invest in fixed-income notes and other investments. The so called “investments clubs” went by such names as “KS Investments” and “Buckharbor.”
The brokerage firm that employed Miller had a legal responsibility to adequately supervise all her business activities. When a FINRA affiliated broker misleads clients and misappropriates funds the brokerage firm may be liable for negligent supervision and responsible for investment losses.
According to FINRA’s BrokerCheck, Miller worked with Investors Capital Corp. from 07/2010 – 05/2014, Janney Montgomery Scott from 03/1996 – 07/2010, and Advest, INC. from 12/1992 – 02/1996.
If you are concerned about your dealings with Patricia S. Miller, please contact the securities attorneys of The White Law Group at (312) 238-9690 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, visit www.WhiteSecuritiesLaw.com.