Last Updated: May 2025 – Rapid City, South Dakota
Here’s what you need to know about Rapid City, SD, stockbroker Cara Michelle Miller:
- Name: Ms. Cara Michelle Miller
- Current Status: Not currently registered with FINRA, RIA with Mariner Wealth
- Former Employers:
- ProEquities, Inc. (Rapid City, SD)
- Financial Network Investment Corporation (Rapid City, SD)
- Edward Jones (St. Louis, MO)
- Function: Stockbroker / Registered Investment Advisor
- Primary Location: Rapid City, South Dakota
- CRD Number: 4521819
- Aliases: Cara Michelle Smith, Cara M. Miller
- Pending Customer Dispute: Yes — Seeks $950,000 in damages
- Highest Settlement or Award: $420,000 (settlement)
- Customer Disputes Settled: Multiple settlements totaling significant damages
If you’ve sustained damages from Ms. Miller, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Cara Michelle Miller As Your Stockbroker?
Several customer complaints have been filed against Cara Miller, stemming from her time at ProEquities, Inc. and Concourse Financial Group Securities, Inc., alleging unsuitable recommendations of alternative investments including oil & gas securities and real estate investments.
Here are key case details:
- Case 1: In a complaint received on May 14, 2024, a client alleged an unsuitable recommendation regarding the purchase of an alternative oil & gas investment. The matter was settled for $70,000.
- Case 2: A separate complaint filed on March 28, 2024, resulted in a $300,000 settlement involving allegations of an unsuitable oil & gas investment recommendation. (FINRA Arbitration Case #: 24-00378)
- Case 3: Clients alleged unsuitable recommendations involving oil & gas and real estate investments. Filed on May 2, 2023 (FINRA Arbitration Case #: 23-01202) and settled for $420,000.
- Case 4: Another case filed on July 14, 2022, alleged unsuitable investments in Atlas Growth Partners, L.P., settled for $208,698.31. (FINRA Arbitration Case #: 22-01583)
- Case 5: In an earlier complaint filed May 15, 2020, involving alleged unsuitable oil & gas investments, a $22,500 settlement was reached. (FINRA Arbitration Case #: 20-01552)
In pending arbitration (FINRA Arbitration Case #: 24-01781) filed in August 2024, a customer of Concourse Financial Group seeks $950,000 in damages related to alleged unsuitable recommendations of oil & gas and real estate securities.
Allegations of Broker Misconduct Against Cara Michelle Miller
Customers of Cara Miller have alleged the following misconduct:
- Unsuitable investment recommendations in high-risk alternative investments (primarily oil & gas and real estate securities).
- Failure to perform due diligence on recommended investments.
- Sale of alternative investments to accredited investors without properly disclosing the associated risks.
These allegations typically violate FINRA Rule 2111 (“Suitability”) which requires that a broker have a reasonable basis to believe a recommended transaction or investment strategy is suitable for the customer, based on the customer’s investment profile.
The Financial Industry Regulatory Authority (FINRA) requires all brokers and firms to disclose customer complaints and regulatory actions. These disclosures are critical to investor protection.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Cara Michelle Miller, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.