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Investor Alleges Ronald Millar Recommended Unsuitable Fixed Annuity

Aug 10, 2022 Unsuitable Investments

Ronald Millar (CRD #: 3064161), a broker registered with MML Investors Services, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on July 23, 2022. If you have questions about Ronald Millar’s conduct as a broker, keep reading.

Investor Dispute

On June 15, 2022, an investor alleged that Ronald Millar recommended a fixed annuity issued on October 7, 2021, that was not suitable for her needs. The client also alleges mismanagement and losses in her accounts. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider an investor’s financial goals when recommending investments. Brokers must take into account the information contained in an investor’s profile, such as their age, risk tolerance, and overall financial situation.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

Background Information

Ronald Millar 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 6 – Investment Company Products/Variable Contracts Representative Examination

Ronald Millar is a registered broker in nine states and a registered investment adviser in Florida, Illinois, and Texas.

He has also worked for MSI Financial Services (CRD#:14251) and Metropolitan Life Insurance Company (CRD#:4095).

Kurta Law Can Help

If you worked with Ronald Millar 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.