Advisor Alert: Our Attorneys Are Investigating Jeffrey Rand Miller For Investment Fraud
Did You Lose Money Because of Jeffrey Miller?
Filed: January 16, 2024
Jeffrey Miller has been the subject of three (3) customer complaints and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Jeffrey Rand Miller.
Who Is Jeffrey Rand Miller of American Portfolios Financial Services, Inc.?
- Advisor Name: Jeffrey Rand Miller
- Aliases: Jeffrey Miller
- CRD: 5393445
- Location: Fairfield, New Jersey
- Current Employer: American Portfolios Financial Services, Inc.
- Previous Firms: First Allied Securities, Inc. and SII Investments, Inc.
- Number of Known Customer Complaints: 3
- Number of Known Termination Events: 1
- Can Jeffrey Miller Be Sued: Yes, in Private Arbitration
- Can Jeffrey Miller’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $150,000
- Highest Settlement: $12,500
If you have suffered investment losses by Jeffrey Miller, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Jeffrey Miller For Broker Misconduct
As of this publication date, Jeffrey Miller has been the subject of 3 customer disputes and 1 termination event. Let’s review them below.
In June 2021, a FINRA arbitration was filed against or in reference to Jeffrey Miller by a customer of First Allied Securities, Inc., SII Investments, Inc., and American Portfolios Financial Services, Inc. alleging that Mr. Miller made unsuitable recommendations. Overall, the client alleges unsuitability, failure to disclose risks, and breach of contract. Per the customer, he/she lost over $150,000 because of Mr. Miller’s actions. On February 15, 2022, Mr. Miller settled the claim for $7,500, and some or all of this amount may have been paid by Mr. Miller’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to Jeffrey Miller by multiple customers of First Allied Securities, Inc. and SII Investments, Inc., alleging that Mr. Miller recommended alternative investments that were not suitable for them. Generally, the clients allege misrepresentation, unsuitable recommendations, breach fiduciary duty, failure to supervise, breach of contract and negligence. Per the customers, they lost over $125,000 because of Mr. Miller’s actions. On January 1, 2021, Mr. Miller settled the claim for $1,500, and some or all of this amount may have been paid by Mr. Miller’s employer and/or insurance carrier.
In December 2019, a FINRA arbitration was filed against or in reference to Jeffrey Miller by multiple customers of SII Investments, Inc. alleging misrepresentations and unsuitable recommendations, breach of fiduciary duty, breach of contract, and negligent supervision. Per the customers, they lost over $125,000 because of Mr. Miller’s actions. On February 15, 2022, Mr. Miller settled the claim for $12,500, and some or all of this amount may have been paid by Mr. Miller’s employer and/or insurance carrier.
In July 2017, First Allied Securities, Inc. terminated Jeffrey Miller for as he was a joint RR on accounts for which the other RR permitted a non-registered assistant to violate firm policy by reusing client signatures and worked in concert with the same assistant to alter client signed documents.
How To File A Claim Against Jeffrey Miller of American Portfolios Financial Services, Inc. (previously with First Allied Securities, Inc. and SII Investments, Inc.) To Get Your Money Back
If you have questions about Jeffrey Miller, American Portfolios Financial Services, Inc., First Allied Securities, Inc., SII Investments, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.