In February, 2017 the Certified Financial Planner Board’s Commission of Discipline and Ethics disciplined Triad Advisors’ CFP Douglas Miller by issuing an interim suspension. While under the interim suspension, Miller is prohibited from using the CFP certification pending a complete investigation by the CFP Board.
Miller, of Toledo, Ohio was previously registered with Triad Advisors, Walnut Street Securities and Royal Alliance.
The suspension arises from a FINRA enforcement action in which Miller entered into a letter of acceptance, waiver and consent (“AWC”) with FINRA that called for a permanent bar from membership. As a result, Miller is not permitted to act as a registered representative or affiliate himself with any FINRA member firm for the purpose of selling securities. FINRA’s disciplinary action concerned Miller’s sale of limited liability companies’ securities to clients via private securities transactions, a violation of Triad Advisor’s rules as well as FINRA’s rules. Such outside business activities are a violation of FINRA rules if done without prior permission from a member firm. Miller was “permitted to resign” from Triad Advisors with allegations of private securities transactions pending, as noted on his Form U-5
Registration and disciplinary history
In order to lawfully sell investments to the public, a registered rep must either be registered or exempt from registration. Douglas Miller was registered with triad Advisors from August, 2005 to July, 2014
According to FINRA’s CRD disclosure report, Douglas Miller has been the subject of two regulatory investigations.
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.