Soreide Law Group comes to you with new information in regard to securities broker John Patrick Milo (CRD#: 1824688, Dayton, Ohio). Namely, Milo worked as a securities broker and financial advisor representative of Key Investment Services LLC (2012 to 2021). He also worked for Waddell Reed (January 2021 to July 2021) and LPL Financial (July 2021 to present). It appears that investors disputed Milo’s sales practices when he worked for Key Investment Services. Here’s more about the disputes.
Evidently, a client of Key Investment Services came forward with a dispute about John Milo. In this May 2021 complaint, the client contends that Milo made a recommendation of a single premium fixed annuity through Integrity. Supposedly, Milo misrepresented information concerning this product. It appears that this matter closed with no action in October 2021.
In a second May 2021 dispute, a client of Key Investment Services contends that John Milo made misrepresentations concerning a SPIA he recommended to the client. Because of this, the client sought relief. However, Key Investment Services closed this matter as of October 2021.
BrokerCheck shows that in August 2020, a third Key Investment Services client came forward with a dispute about John Milo’s annuity sales practices. Namely, the client alleges that it was unsuitable for a Delaware Life fixed annuity to replace the client’s existing Voya annuity. Generally, suitability concerns risk tolerance, investment objectives, liquidity concerns, and other important information concerning the appropriateness of investments. In this complaint, the client sought $9,171.35 in compensation, but Key Investment Services denied the complaint.
Namely, in an October 2018 dispute, a client of Key Investment Services alleges unsuitability. Supposedly, John Milo made an unsuitable recommendation of an Integrity Life Income Source Immediate Annuity. In addition, the client contends that Milo misrepresented information about this annuity. It appears that the client invested $562,080 and incurred damages. However, Key Investment Services denied the dispute.
Did you suffer losses because of Milo? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Milo denies all allegations of sales practice violations.
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