Former Sandlapper Securities Broker Christopher Miller Investment Loss Options
Posted on Wednesday, July 8th, 2020 at 2:31 pm
There are options for clients of former Sandlapper Securities broker Christopher Miller (CRD# 4044818) who suffered investment losses. Miller has been registered with Emerson Equity LLC in San Mateo, California since March 2019. Previously, Miller was registered with Sandlapper Wealth Management, LLC in Tustin, California from 2015 to 2019. Prior to that, Miller was registered with Sandlapper Wealth Management, LLC in Greenville, South Carolina from 2013 to 2014 and with Sandlapper Securities, LLC in Tustin, California from 2012 to 2019. Before that time, Miller was registered with seven other brokerage firms including MCL Financial Group, Inc. in Santa Ana, California in which Miller was registered from 2004 to 2007, when he was terminated regarding, “Mr. Miller violated supervisory requirements that he obtain approval prior to sending any correspondence, sales literature, etc. Review of activity found that he sent out material that was not approved and that included outside business activity that was not approved. Further investigation revealed Mr. Miller wrongfully took client database information from the firm and was conducting a securities business while not registered with a broker-dealer. Review is currently ongoing.”
Miller has been the subject of two customer complaints between 2019 and 2020, according to his CRD report:
February 2020. “Financial Elder Abuse.” The customer is seeking $292,000 in damages and the case is currently pending. The complaint is regarding real estate securities and took place while Miller was registered with Sandlapper Securities.
October 2019. “Violations of sections 10(b) and 20(a) of the securities exchange act of 34; violations of section 12 of the securities act of 1933; sale of unsuitable securities; breach of fiduciary duty; violation of the California corporations code; financial elder abuse; negligent failure to supervise; common law fraud.” The customer is seeking $104,500 in damages and the case is currently pending. The complaint is regarding direct investments and took place while Miller was registered with Sandlapper Securities.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Sandlapper Securities may be liable for investment or other losses suffered by Miller’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.