Joe Miller Named in Regulatory Action Filed by State of New York

Joe Miller (CRD #: 1172989), a broker registered with Xton Financial and Independent Financial Group, was recently named in a state regulatory action, according to his BrokerCheck record, accessed on April 19, 2023. Keep reading to learn more about his alleged conduct as a broker.

New York Regulatory Action

On February 24, 2023, the New York State Department of Financial Services alleged that Independent Financial Group failed to report to the Department within 30 days of the final disposition of administrative actions taken against the firm by the State of Dakota Department of Labor and Regulation, Division of Insurance and the Texas State Securities Board.

These administrative actions were allegedly filed on July 22, 2020, and April 1, 2021, respectively. The Department alleged that Independent Financial Group, with Joe Miller as its CEO, violated New York Insurance Law Section 2110(I).

The Department filed a Stipulation and Consent Order and fined the firm $1,000.

New York Insurance Law

New York Insurance Law Section 2110(I) allows the state to revoke, suspend, or refuse to renew an insurance license if the licensee is found to have violated insurance laws, provided materially incorrect or misleading information on a license application, or engaged in other prohibited conduct.

FINRA Rule 2010

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

Background Information

Joe Miller has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 6TO – Investment Company Products/Variable Contracts Representative Examination
• Series 52TO – Municipal Securities Representative Examination
• Series 99TO – Operations Professional Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 27 – Financial and Operations Principal Examination
• Series 4 – Registered Options Principal Examination
• Series 53 – Municipal Securities Principal Examination
• Series 24 – General Securities Principal Examination
• Series 39 – Direct Participation Programs Principal Examination

Joe Miller is a registered broker in California and Puerto Rico. He is also a registered investment adviser in California.

He has also worked for the following firms:

• Sentra Securities Corporation (CRD#:10249)
• United Pacific Securities (CRD#:21986)
• Granite Capital (CRD#:15219)     
• All Services Financial Center (CRD#:7832)
• Sperry, Young, Neilson, Dillon, Ives Company (CRD#:13296)

Kurta Law Can Help

If you worked with Joe 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.