Advisor Alert: Our Attorneys Are Investigating John Patrick Milo For Investment Fraud
Did You Lose Money Because of John Milo?
Filed: November 6, 2023
John Milo has been the subject of six (6) customer complaints. 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 John Patrick Milo.
Who Is John Patrick Milo of LPL Financial LLC?
- Advisor Name: John Patrick Milo
- Aliases: John Milo
- CRD: 1824688
- Location: Fairfield and Dayton, Ohio
- Current Employer: LPL Financial LLC
- Previous Firms: Waddell & Reed and Key Investment Services LLC
- Number of Known Customer Complaints: 6
- Can John Milo Be Sued: Yes, in Private Arbitration
- Can John Milo’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $24,788.60
- Highest Settlement: $32,185.21
If you have suffered investment losses by John Milo, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations 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 John Milo For Broker Misconduct
As of this publication date, John Milo has been the subject of 6 customer disputes. Let’s review them below.
In May 2021, a complaint was filed against or in reference to John Milo by a customer of Key Investment Services alleging that the November 2019 recommendation to purchase an Integrity Fixed Annuity (SPIA) in the amount of $78,651.10 was misrepresented. Per the customer, he/she lost over $5,000 because of Mr. Milo’s actions.
In May 2021, a complaint was filed against or in reference to John Milo by a customer of Key Investment Services alleging that the November 2019 recommendation to purchase an Integrity Fixed Annuity (SPIA) in the amount of $39,458.66 was misrepresented. Per the customer, he/she lost over $5,000 because of Mr. Milo’s actions.
In August 2020, a complaint was filed against or in reference to John Milo by a customer of Key Investment Services alleging that the April 2015 recommendation to transfer a $29,732.66 Voya contract to a Delaware Life fixed annuity was unsuitable. Per the customer, she lost over $9,171.35 because of Mr. Milo’s actions.
In October 2018, a complaint was filed against or in reference to John Milo by a customer of Key Investment Services alleging that the August 2018 recommendation to purchase an Integrity Life Income source Immediate Annuity in the amount of $562,080 was misrepresented and also alleges the investment was unsuitable. Per the customer, he/she lost over $5,000 because of Mr. Milo’s actions.
In November 2005, a complaint was filed against or in reference to John Milo by a customer of Key Investment Services alleging that Mr. Milo liquidated the entire portfolio without the client’s permission. Per the customer, he/she lost over $24,788.60 because of Mr. Milo’s actions.
In March 1995, a complaint was filed against or in reference to John Milo by a customer of Pruco Securities Corporation alleging concerns regarding the charges associated with an appreciable Life Ins policy the client purchased in 1993. On May 17, 1995, Mr. Milo settled the claim for $32,185.21, and some or all of this amount may have been paid by Mr. Milo’s employer and/or insurance carrier.
How To File A Claim Against John Milo of LPL Financial LLC (previously with Waddell & Reed and Key Investment Services LLC) To Get Your Money Back.
If you have questions about John Milo, LPL Financial LLC, Waddell & Reed, Key Investment Services LLC, 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.