Public records published by the Financial Industry Regulatory Authority (FINRA) on May 30, 2016 indicate that former Ohio-based Triad Advisors broker/adviser Douglas Miller has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Miller (CRD# 1946240).
Douglas Miller has spent 25 years in the securities industry and was most recently registered with Triad Advisors in Toledo, Ohio (2005-2014). Previous registrations include Walnut Street Securities in El Segundo, California; Royal Alliance Associates in New York, New York; and Integrated Resources Equity Corporation. He is currently not registered with any state or firm.
According to his BrokerCheck report, Douglas Miller has received one regulatory sanction and resigned from Triad Advisors.
In May 2016, FINRA sanctioned Douglas Miller following allegations he and another registered representative “participated in the sale of investments in limited liability companies (LLCs) to clients of their registered investment adviser firm, who collectively invested approximately $25.5 million in the LLCs, without providing written notice of their participation to their member firm.” According to FINRA’s complaint, Mr. Miller and the other representative “did not affirmatively provide written notice to the firm that they were participating in the sale of investments in the LLCs or seek the firm’s permission to do so” and did not disclose that they were “compensated by some of the LLC’s for their activities and failed to appropriately disclose investments they made personally or on behalf of family members in the LLC’s to their firm.” He was permanently barred from the securities industry.
In 2014, Douglas Miller was “permitted to resign” from his position at Triad following allegations he violated firm policy with respect to private securities transactions.
If you or someone you know has a complaint regarding Douglas Miller, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.