FINRA Suspends Frank Muller for Alleged Private Securities Transaction

Frank Muller (CRD #: 1778892), a broker formerly registered with Destra Capital Investments, has been suspended by FINRA, according to his BrokerCheck record, accessed on July 27, 2025. Keep reading to learn more about his alleged conduct as a broker.

FINRA Suspension

On April 17, 2025, Frank Muller consented to the entry of findings that he allegedly participated in a private securities transaction without providing prior disclosure to his firm.

According to a Letter of Acceptance, Waiver & Consent (AWC), Frank Muller allegedly formed a limited partnership (LP) in November 2023 to raise capital to acquire and operate a retail business franchise. From November 2023 to January 2024, Frank Muller allegedly solicited investments and sold $400,000 in LP interests to six investors.

These investors were allegedly not customers of Destra Capital Investments, and Frank Muller allegedly did not receive selling compensation at the time. However, he allegedly did expect compensation in the form of cash distributions and service fees in the future.

Frank Muller allegedly failed to notify Destra Capital Investments that he formed the limited partnership, sold interests, or expected compensation in connection with these transactions.

The AWC concluded that these allegations constituted violations of FINRA Rules 3280 and 2010.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Frank Muller consented to the following sanctions:

• Four-month suspension from associating with FINRA members
• $10,000 fine

His suspension began on April 21, 2025, and will end on August 20, 2025. You can read a copy of the AWC here.

Background Information

Frank Muller has passed the following exams:

• General Securities Principal Examination – Series 24
• Government Securities Representative Examination – Series 72
• Investment Banking Registered Representative Examination – Series 79TO
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

He has also worked for the following firms:

• Destra Capital Investments (CRD#:148299)
• Provasi Capital Partners (CRD#:119539)
• Hines Real Estate Investments (CRD#:128145)
• Investment Centers of America (CRD#:16443)
• Van Kampen Funds (CRD#:6939)
• American Capital Marketing (CRD#:6699)
• Advantage Capital Corporation (CRD#:146) 

Kurta Law Can Help

If you worked with Frank Muller 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 that 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.