Soreide Law Group provides you with new information in regard to the allegations against securities broker Laura Renee Shrawder-Miles (CRD#: 2384721, Sunbury, Pennsylvania). Notably, four investors disputed Shrawder-Miles’s sales practices, and LPL Financial LLC disaffiliated with her for alleged misconduct. Let’s take a glance at these disclosures and the allegations against this securities broker.
First of all, a client of LPL Financial LLC filed a FINRA Arbitration Claim in February 2021 regarding Shrawder-Miles. Specifically, the client claimed that the securities broker advised her to invest in a BDC, REIT and mutual fund. All of those investments, according to the client, were not suitable and had caused damages. It appears that Shrawder-Miles had them invest in alternative investments from July 2014 to February 2021. For this reason, the client asks for $55,000 to resolve this ongoing matter.
Notably, LPL Financial employed Shrawder-Miles from August 2005 to November 2019. Supposedly, it discharged the broker for impersonating a client when dealing with an insurance company about a client’s annuity. Shrawder-Miles’s employment termination occurred on October 8, 2019.
It appears that a client of LPL Financial took issue with Shrawder-Miles’s recommendations or sales of REITs. Evidently, the March 2016 dispute focuses on Shrawder-Miles’s purportedly unsuitable switching of the client form annuities to real estate securities. It seems that the illiquidity of these investments posed a problem for the client. However, LPL Financial denied this client’s dispute.
Also, in a dispute that a PrimeVest Financial Services client made about Shrawder-Miles, the client claimed that the broker misrepresented the bonus rate on an annuity. Allegedly, Shrawder-Miles had the client believe that they would earn more than they actually received on the policy. Evidently, the client received compensation in a settlement of this dispute.
Did Laura Shrawder-Miles cause you to incur investment losses? If so, call Soreide Law Group at (888) 760-6552 and speak with an experienced securities lawyer about a potential recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for hundreds of United States investors who experienced damages because of their financial advisors or securities brokers. Please note: Shrawder-Miles denies all allegations of her sales practice violations.
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