Investor Seeks Over $1.5 Million in Dispute with Scott Miller Alleging Unsuitable Recommendation

Scott Miller (CRD #: 1927089), a broker registered with Ameriprise Financial Services, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on July 17, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On June 7, 2023, an investor filed a dispute alleging that Scott Miller recommended an unsuitable annuity. The client seeks $1,502,685 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their age, risk tolerance, and tax status.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Scott 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 7 – General Securities Representative Examination
• Series 51 – Municipal Fund Securities Principal Examination
• Series 24 – General Securities Principal Examination

Scott Miller is a registered broker in 37 states and a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

• Jefferson Pilot Securities Corporation (CRD#:3870)
• ING Financial Partners (CRD#:2882)
• American Express Financial Advisors (CRD#:6363)
• IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Scott 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.