Former LPL Financial Advisor, Louis Mark Miller, Barred By FINRA After Failing To Comply With A FINRA Investigation Into Allegedly Exercising Discretion Without Prior Authorization
Louis Mark Miller (CRD # 3054955) was a Financial Advisor at LPL Financial LLC in Jericho, NY. Louis Miller has been in the securities industry since 1998 and previously worked at Wells Fargo Advisor, LLC and Prudential Securities Incorporated.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in July 2019, Louis Miller was barred by FINRA for failing to “complete and return a FINRA pre-testimony questionnaire and to appear and provide testimony requested by FINRA in connection with its investigation into allegations that he improperly exercised discretion in customer accounts without prior written authorization.”
For a copy of the FINRA sanction, click https://www.finra.org/sites/default/files/fda_documents/2017056829901%20Louis%20Mark%20Miller%20CRD%203054955%20Order%20Accepting%20Offer%20of%20Settlement%20sl.pdf.
In December 2017, Louis Miller was “discharged” by LPL Financial for, “Violation of firm policy with respect to time and price discretion in brokerage accounts.”
For a copy of Louis Miller’s CRD, click https://brokercheck.finra.org/individual/summary/3054955.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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