Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Louis Miller: Jericho Rep Barred Over Discretionary Trades

A Financial Industry Regulatory Authority sanction against former LPL Financial broker/adviser Louis Miller (CRD# 3054955) barred him in connection to findings he failed to provide testimony during a FINRA investigation into allegations he improperly exercised discretion in client accounts. Miller was most recently registered as a broker in Jericho, New York.

According to an order (No. 2017056829901) dated October 2019, FINRA sent Louis Miller a request on October 17, 2018 to complete and return a pre-testimony questionnaire by November 1, and to appear and provide testimony to FINRA on November 14 in connection to its investigation into allegations he improperly used discretion. FINRA states that Miller acknowledged through counsel that he received the request, but did not return the questionnaire by November 1, or appear and provide testimony on November 14. FINRA accordingly sent his attorney another request on November 15 to appear and provide testimony on December 12, 2018; according to FINRA, he acknowledged receipt of the request and stated he would not appear to provide testimony. FINRA sent a third request on June 18, 2019, whose receipt Miller acknowledged through counsel, but did not return a completed questionnaire by the new deadline or appear to provide testimony on the newly scheduled date. According to FINRA, the foregoing alleged refusals constitute violations of FINRA Rules. As a result of the alleged foregoing conduct, Louis Miller was barred from association with any FINRA member in all capacities.

Louis Miller’s BrokerCheck report contains one other disclosure, in addition to the FINRA bar: his 2017 discharge from LPL Financial following allegations he violated firm policies and procedures concerning time and price discretion in customer accounts.

Louis Miller is currently not registered with any FINRA member firm. His previous registrations include LPL Financial in Jericho, New York; Wells Fargo Advisors in Melville, New York; and Prudential Securities in New York, New York. He has passed four securities industry qualification examinations and currently holds no state securities licenses. (Information current as of April 15, 2020.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Franklin BSP Realty Trust/Benefit Street Partners Realty Trust Losses

    On October 18th, 2021, the non-traded, publicly registered real estate investment trust (REIT) Franklin BSP Realty Trust completed its merger...

    Read More
  • Sierra Income: Was Non-Traded BDC Investment Too Risky?

    In March 2022 Sierra Income Corp., previously a non-traded business development company (BDC), marked the completion of its merger with...

    Read More
  • Hospitality Investors Trust Bankruptcy: Investors May Have Options

    Hospitality Investors Trust is a publicly registered, non-traded real estate investment trust whose initial offering became effective in 2014 and...

    Read More
  • Thomas Rydell: CFP Board Sanctions Royal Alliance Advisor

    Milpitas, California financial advisor Thomas Rydell (CRD# 5020102) recently received an investor complaint alleging six-figure damages. Records provided by the...

    Read More
  • Previous
  • Next