Securities Fraud Lawyer Blog
Aon Miller suspended by FINRA.
In March, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Aon Miller of Chattanooga, TN, formerly with Benjamin F. Edwards and Purshe Kaplan Sterling, both of Chattanooga, was suspended from association with any FINRA member in any capacity for two years and fined $50,000 as a result of findings that he participated in several private securities transactions. The decision issued by the FINRA hearing officers is presently on appeal. The findings in the decision identified Chestnut Development Partners, City Title Loan and KB International as the companies/securities at issue. The findings state that Miller participated in the private securities transactions totaling over one and half million dollars without obtaining the proper authorization from his firm Benjamin F. Edwards.
Registration and disciplinary history
In order to lawfully sell investments to the public, a registered rep must either be registered or exempt from registration. Aon Miller was registered with:
According to FINRA’s CRD disclosure report, Aon Miller has been the subject of one customer complaint and one regulatory investigation.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues. Typical claims that we are asked to review involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.