The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Marc Allen Miller. According to his publicly available FINRA BrokerCheck report, Marc Allen Miller is the subject of a pending customer dispute.

Marc Allen Miller is a Florida based securities broker. He has worked in the securities industry for seventeen years. During his career, he has been registered with three different securities firms.

His Registrations

  • Edward Jones (2002-2008)
  • Morgan Keegan & Company (2008-2013)
  • Raymond James (2013-Present)

The Allegations 

In November 2018, a customer alleged that Marc Allen Miller breached contract, managed their account negligently, managed their account with gross negligence, made intentional and negligent misrepresentations and omissions of material facts, failed to disclose information, breached the duty of good faith and fair dealing, engaged in fraudulent concealment, failed to perform due diligence, and engaged in unfair business practices. This case is presently pending. The customer is seeking $492,158 in damages.

What Does This Mean?

One of the most notable allegations levied against Marc Allen Miller was that of gross negligence. Gross negligence is a reckless and complete disregard for your customer’s financial interests. It differs from fraud in the regard that the perpetrator did not intentionally create a scheme to boost their own financial interests at the expense of the customer’s. However, this distinction is rather inconsequential as it can cause losses to incur in that customer’s account just the same as fraudulent behavior can.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Marc Allen Miller, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.