The Financial Industry Regulatory Authority (FINRA) suspended broker Craig Lamont Miller of Austin, Texas and fined him $5,000 for engaging in an recommending and selling a security outside of the scope of the relationship with the FINRA member firm, Choice Investments, Inc.
According to FINRA'S findings, in 2008, Miller recommended a customer invest $100,000 in an oil and gas security. Miller receive a $12,500 interest in the venture in exchange for his customer making the investment. According to FINRA, Miller failed to disclose to his employer, Choice Investments, Inc., both his relationship with the oil and gas venture and the transaction executed on behalf of the customer. Both failures to disclose were violations of NASD (now FINRA) Conduct Rules.
Miller did not contest but consented to the described findings and sanctions. He remains suspended from association with any FINRA member firm through December 3, 2012.
If you invested with Craig Lamont Miller or any broker who sold you securities in an outside the scope of his/her relationship with their brokerage firm, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.