Advisor Alert: Our Attorneys Are Investigating Michael Robert Miley For Investment Fraud
Did You Lose Money Because of Michael Miley?
Filed: January 24, 2024
Michael Miley has been the subject of three (3) 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 Michael Robert Miley.
Who Is Michael Robert Miley of Ameriprise Financial Services, LLC?
- Advisor Name: Michael Robert Miley
- Aliases: Michael Miley
- CRD: 1013615
- Location: Lancaster, Pennsylvania
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: IDS Life Insurance Company and IDS Financial Services Inc.
- Number of Known Customer Complaints: 3
- Can Michael Miley Be Sued: Yes, in Private Arbitration
- Can Michael Miley’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $148,000
- Highest Settlement: $180,000
If you have suffered investment losses by Michael Miley, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses 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 Michael Miley For Broker Misconduct
As of this publication date, Michael Miley has been the subject of 3 customer disputes. Let’s review them below.
In August 2020, a complaint was filed against or in reference to Michael Miley by a customer of Ameriprise Financial Services, LLC alleging that Mr. Miley misrepresented the RiverSourse Variable Universal Life insurance policy in July 2008 stating the advisor told him he would not need to add any further premiums. Per the customer, he/she lost over $51,948 because of Mr. Miley’s actions.
In November 2004, a complaint was filed against or in reference to Michael Miley by a customer of American Express Financial Advisors alleging mismanagement of her mother’s accounts resulting in undue losses. Per the customer, she lost over $13,782 because of Mr. Miley’s actions.
In October 1993, a NASD arbitration was filed against or in reference to Michael Miley by a customer of IDS Financial Services Inc. alleging that the advice to invest $50,000 of her divorce proceeds was unsuitable. Per the customer, he/she lost over $148,000 because of Mr. Miley’s actions. On October 31, 1994, Mr. Miley settled the claim for $180,000, and some or all of this amount may have been paid by Mr. Miley’s employer and/or insurance carrier.
How To File A Claim Against Michael Miley of Ameriprise Financial Services, LLC (previously with IDS Life Insurance Company and IDS Financial Services Inc.) To Get Your Money Back
If you have questions about Michael Miley, Ameriprise Financial Services, LLC, IDS Life Insurance Company, IDS Financial Services 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.