What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: November 28, 2016

Did you lose money with Jodie L. Miller of Valic Financial Advisors and LPL Financial? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. Please call our law offices in Chicago at 312-332-4200 for a free consultation with one of our attorneys. There is no obligation. We may be able to help you bring a claim against Valic Financial and LPL Financial in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Please call today as there is a statute of limitations on many of these cases. Valic Financial and LPL Financial may be responsible for losses with Jodie L. Miller.

According to FINRA, Miller allegedly sold $764,000 worth of notes or “Letters of Protectino” issued by a company called Tri-Med Corporation. Allegedly, Miller earned over $38,000 in commissions for these sales. According to the complaint: “Tri-Med purchased from medical providers, at a discounted rate, outstanding receivables relating to personal injury claims, with the expectation that insurers would pay the entire receivable once the claim was resolved through litigation or settlement.” Miller allegedly did not have approval to sell Tri-Med investments from her brokerage firms, both Valic first, and then LPL Financial. FINRA also alleged that Miller had not reasonable basis to make recommendations of the investments, nor did she do her adequate due diligence. For this, she was ordered to pay a $15,000 fine and was suspended from the industry for 18 months. Tri-Med was accused of being a ponzi scheme, and the Florida Office of Financial Regulation brought a regulatory complaint against the company.

Miller was registered with NYLIfe Securities in Tampa, Florida from June 2004 until March 2008, Questar Capital Corp in St. Petersburg, Florida from March 2008 until November 2008, Valic Financial in Tampa, Florida from May 2009 until September 2012 and LPL Financial in Tampa from September 2012 until January 2013. She has one customer dispute against her and is not currently licensed within the industry, according to her online, public BrokerCheck report with FINRA.


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