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Investor Alleges Zachary Miller Misrepresented Structured Products

Zachary Miller (CRD #: 5417879), a broker registered with Fifth Third Securities, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on April 29, 2022. Keep reading if you have questions about Zachary Miller’s conduct as a broker.

Allegations Involving Structured Products

In a dispute filed on January 4, 2022, an investor alleged Zachary Miller engaged in unauthorized trading and misrepresentation related to two unspecified structured products. The investor sought $133,000 in damages but the dispute was denied.

However, investors should know that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration following a denial and potentially recoup their losses.

What are Structured Products?

Structured products are a type of financial product that combines a bond with a derivative component. Instead of the usual payments you receive from a bond, a structured product pays out according to the performance of its underlying asset or index.

The complexity of structured products makes them difficult to evaluate. If you believe you lost money on a misrepresented structured product, you can pursue FINRA arbitration and recover your losses.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion only in pre-approved discretionary accounts.

FINRA 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise unethical methods of influencing investors’ decisions. This includes the misrepresentation or omission of information relating to investments.

Background Information

Zachary Miller has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Zachary Miller is a registered broker in 16 states and a registered investment adviser in Ohio.

In the past, he has worked for Huntington Financial Advisors (CRD#:16986) and The Huntington Investment Company (CRD#:16986).

Kurta Law Can Help

If you worked with Zachary Miller and you have concerns about your investments, please contact us today at 877-600-0098 or 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.