Stoltmann Law Offices is investigating Gary Robert Miles, a former broker with Midamerica Financial Services Inc. The Pennsylvania Department of Banking and Securities alleged that Miles offered to sell stock that was not registered. Miles made untrue statements and omitted facts related to the sale of the stocks. He also engaged in acts, practices or courses of business that were fraudulent and deceitful. Miles sold investments in Intellamed Inc. and Netgate Co. and rights to Intellamed Inc. Miles was involved in “selling away” accusations. Selling away is against securities rules and regulations and is when a broker solicits securities that are not held or offered by his member firm.
Miles was registered with Merill Lynch from December 1977 until March 1982, E.F. Hutton & Company from March 1982 until September 1985, Prescott, Ball & Turben from September 1985 until May 1987, Acument Securities in San Francisco, California from May 1987 until October 2001, UBS Painewebber in Weehawken, New Jersey from October 2001 until April 2002, U.S. Brokerage Inc. in North East, Pennsylvania from April 2002 until March 2007, MidAmerica Financial Services in Joplin, Missouri from May 2009 until June 2010 and MidAmerica in North East from May 2012 until December 2013. He has two customer disputes against him. He is not currently licensed within the industry.
If you invested money with Gary Robert Miles, please call our securities law firm based in Chicago, Illinois. We may be able to help you recover investment losses by suing his former firm, MidAmerica Financial Services in the Financial Industry Regulatory Authority (FINRA) arbitration forum. They had a duty to reasonably supervise him while he was employed there, and can be held liable for investment losses because they did not. The call is free with no obligation. We take cases on a contingency fee basis. 312-332-4200.
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