PATRICIA S. MILLER (CRD# 2302464) formerly registered representative with Investors Capital in McMurry, Pennsylvania, a branch of Massachusetts-based Investors Capital Corporation, was arrested and charged with wire fraud. Several of her clients claim she allegedly misappropriated their investments worth hundreds of thousands of dollars. According to the court records, Miller attempted suicide and was slumped at her desk when the FBI came to her office. The FBI found a note to her family saying she had lied to them for 12 years and stolen money from clients.
Investors Capital is responsible for overseeing their registered representatives. According to investigations into Investors Capital, this company has paid millions of dollars in fines for failing to supervise it's brokers. This past March, Investors Capital was fined $100,000 by FINRA for failing to maintain it's supervisory system. In 2010 they were fined $300,000 also for failing to supervise brokers. In 2006, Investors Capital paid $1 million for failure to supervise and allowing agents to act as unregistered representatives.
Investors Capital has an obligation to protect it's clients. Investors Capital has 400 nationwide branch offices with 500 "independent" registered representatives. Often these offices lack supervision, as seen in the case of Patricia S. Miller.
According to FINRA's BrokerCheck, Patricia S. Miller was previously registered with the following FINRA firm(s):
INVESTORS CAPITAL CORP. (CRD# 30613) - MCMURRAY, PA
07/2010 - 05/2014
JANNEY MONTGOMERY SCOTT LLC (CRD# 463) - CANNONSBURG, PA
03/1996 - 07/2010
ADVEST, INC. (CRD# 10) - HARTFORD, CT
12/1992 - 02/1
Soreide Law Group, PLLC, represents clients nationwide before FINRA. Call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses at: 888-760-6552.
Soreide Law Group has been contacted by an investor experiencing losses in GWG L Bonds, due to the alleged recommendation of broker/investment advisor, THOMAS CAINE SHULTZ (THOMAS SHULTZ, THOMAS C SHULTZ). Shultz is currently registered both as a broker and investment advisor with REALTA EQUITIES, INC of Phoenix, Arizona since 7/25/2023. He was previously registered with […]
Soreide Law Group is investigating potential investor claims involving TechCreate Group Ltd. (TCGL) stock, particularly whether brokers or financial advisors improperly recommended this security despite emerging warning signs. TCGL is a publicly traded foreign holding company whose shares were subject to an SEC trading suspension, raising serious concerns for investors. There is significant adverse regulatory […]
Investors might have sustained losses due to securities broker Bradley Owen Davidson [CRD: 5142256, Mission Viejo, California], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Davidson has been registered with Emerson Equity LLC since February 2, 2024, and previously worked for firms including Secure Asset Management LLC from February 22, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com