Investor Alleges Imari Miller Recommended Unsuitable Variable Annuity
Imari Miller (CRD #: 6862630), a broker registered with Edward Jones, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on August 21, 2022. Keep reading if you have questions about his conduct as a broker.
Investor Dispute
On May 3, 2022, an investor alleged that Imari Miller recommended an unsuitable variable annuity. This dispute was denied by the firm. Variable annuities are complex investments that are often not suitable for investors.
Investors should be aware, however, that firms can deny disputes without allowing an external review. Investors can still seek out FINRA arbitration following a denial and may be able to recover their money.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which describes the following investor characteristics:
- Age
- Financial goals
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
Investors who rely on their broker for recommendations may be able to recover their losses by seeking out FINRA arbitration.
Background Information
Imari Miller has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Imari Miller is a registered broker in eight states and a registered investment adviser in Texas.
Kurta Law Can Help
If you worked with Imari 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.