Milka Micic: $10mm Complaint Against JP Morgan Advisor

A recent investor complaint against Chicago, Illinois financial advisor Milka Micic (CRD# 4929945) alleges that her conduct resulted in eight-figure damages. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with JP Morgan Securities.

Ms. Micic’s BrokerCheck report discloses one investor complaint. Filed in April 2026, it alleges that as a representative of JP Morgan Securities, she failed to follow instructions in connection with a managed account. The pending complaint alleges damages of $10 million.

FINRA Rule 2010 states that FINRA-associated brokers must “observe high standards of commercial honor and just and equitable principles of trade.” Various forms of unethical conduct, including the failure to follow a customer’s directions, constitute violations of FINRA Rule 2010, provided the activities occur “in the conduct of [the member’s] business.” Brokers who violate Rule 2010 may be found liable for damages in the event of losses.

FINRA Rule 2111 stipulates that brokers may recommend only investments and investment strategies that are suitable for their customers individual background and needs. To ascertain whether a product or strategy is suitable, they must perform reasonable diligence into the client’s investment profile, which includes the client’s age, income, risk tolerance, net worth, investment objectives and experience, and other factors. They must determine whether the investment is suitable for some investors; whether it is suitable for the individual investor they’re dealing with; and, in cases where they exercise discretion over  a customer’s account, whether a series of transactions is not unsuitable or excessive. Brokers who make unsuitable recommendations may be liable to their clients in the event of losses.

According to the Financial Industry Regulatory Authority, Milka Micic holds 21 years of securities industry experience. Based in Chicago, Illinois, she has been registered as a broker and an investment advisor with JP Morgan Securities since 2008 and 2024, respectively. She was previously registered with Banc One Securities Corporation in Chicago. Her credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Investment Adviser Law Examination, or Series 65; and the General Securities Representative Examination, or Series 7. She holds 55 state licenses. (Information current as of June 20, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.