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Investors Allege that Cara Miller Recommended Unsuitable Alternative Investments

Cara Miller (CRD #: 4521819), a broker formerly registered with ProEquities, allegedly recommended an unsuitable investment, according to her BrokerCheck record, accessed on July 10, 2023. If you want to learn more about her alleged conduct as a broker, keep reading.

Investor Disputes

On May 3, 2023, several investors alleged that Cara Miller made unsuitable recommendations of alternative investments. They seek $590,000 in this pending dispute.

In a dispute filed on July 18, 2022, several investors alleged that Cara Miller made unsuitable recommendations to invest in Atlas Growth Partners, LP. Atlas Growth Partners was a risky energy investment. This dispute was settled for $208,698.31.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment suits their investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their risk tolerance, tax status, and other investments.

Investors who believe they have lost money due to unsuitable investment recommendations may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Cara Miller has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

She has also worked for the following firms:

  • ProEquities (CRD#:15708)
  • Financial Network Investment Corporation (CRD#:13572)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Cara Miller and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.