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David Miller Has Pending FINRA Complaint

David MillerPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 24, 2016 indicate that former Ohio-based Huntington Investment Company broker David Miller is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to customers who have complaints regarding Mr. Miller (CRD# 5461431).

David Miller has spent five years in the securities industry and was most recently registered with the Huntington Investment Company in Columbus, Ohio (2008-2013). He was previously registered with New England Securities in Columbus, Ohio (2008). He is currently not registered with any state or firm.

According to his BrokerCheck report, David Miller has received nine customer complaints and one pending regulatory complaint.

In November 2015, David Miller was named respondent in a FINRA complaint alleging he recommended an investment in unit investment trusts totaling approximately $5.4 million in customer accounts “without first exercising the diligence necessary to understand the features, terms, and risks of the unit investment trusts, thereby without a reasonable basis for doing so.” FINRA’s complaint alleges that Mr. Miller “did not read the prospectuses, did not know that the underlying closed-end funds were leveraged or understand the associated effect of that leverage, did not understand the volatility that the closed-end funds were subject to, and did not know that the closed-end funds invested in bonds whose maturities did not match with the trust termination.” Additionally, Mr. Miller allegedly misrepresented and omitted material facts related to the investments. The action remains pending.

In 2014, a customer alleged David Miller, while employed at the Huntington Investment Company, recommended an unsuitable investment in a unit investment trust. The complaint settled for more than $27,200.

In 2014, a customer alleged David Miller, while employed at the Huntington Investment Company, did not fully disclose that she could lose money and did not fully explain the investment. The complaint settled for more than $42,800.

In 2013, a customer alleged David Miller, while employed at the Huntington Investment Company, “lied about principal being safe” with respect to an investment in a unit investment trust. The complaint settled for more than $44,500.

In 2013, a customer alleged David Miller, while employed at the Huntington Investment Company, guaranteed a specific rate of return. The complaint settled for more than $29,800.

In 2013, a customer alleged David Miller, while employed at the Huntington Investment Company, misrepresented and recommended an unsuitable investment. The complaint settled for more than $11,000.

If you have lost money investing with David Miller, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup your losses. All cases are taken on contingency, which means Fitapelli Kurta only get paid if and when you collect money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.