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Investor Alleges Craig Miller Misrepresented VUL Policy

Nov 18, 2022 Investor Disputes

Craig Miller (CRD #: 1024569), a broker registered with LPL Financial, allegedly misrepresented an insurance policy, according to his BrokerCheck record, accessed on November 6, 2022. Read on to learn more about his conduct as a broker.

Investor Dispute

In a dispute filed on September 12, 2022, an investor alleged that Craig Miller misrepresented the sale of a variable universal life insurance policy issued on or about December 19, 1995. This dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an outside review. investors can still pursue FINRA arbitration following a denial and may be able to recoup their losses.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, and otherwise unethical tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s features or risks.

What is Variable Universal Life Insurance?

Variable Universal Life Insurance policies (VULs) invest a portion of investors’ premiums and feature a death benefit. However, VULs’ returns depend on the performance of these investments and these policies frequently risk lapsing.

Background Information

Craig 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 62 – Corporate Securities Limited Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Craig Miller is a registered broker in 11 states and a registered investment adviser in Michigan and Texas.

He has also worked for MML Investors Services (CRD#:10409) and Massachusetts Mutual Life Insurance Company (CRD#:2682).

Kurta Law Can Help

If you worked with Craig 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.