Last Updated: November 2023 (New York, NY)
Jonathan Miller Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Jonathan J. Miller:
- Name: Mr. Jonathan J. Miller
- Current Employer: VCS Venture Securities aka DRF Business and Financial Services, Primary Capital LLC
- DBA: J Miller Ventures
- Previous Firms: Joseph Stone Capital, Legend Securities, NYLife Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Jonathan Miller
- Primary Location: New York, NY
- CRD 5772258
- Can Jonathan Miller be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $181,970
- Pending Customer Dispute Seeks Damages of $69,062
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jonathan Miller As Your Stockbroker?
In 2018 a FINRA arbitration panel awarded a customer of Legend Securities $181,970. The customer alleged that Jonathan Miller and other co-defendants, Legend Securities, Salvatore Caruso, Frank Fusco and John V. Smith, had committed fraud, churned accounts, induced purchases, made misrepresentations and was grossly negligent. This award included punitive damages of $20,000. Jonathan Miller filed for Chapter 7 bankruptcy in the Southern District of New York in 4/2018. According to Miller’s FINRA CRD, Lenoir and Jason Wright, Claimants in this arbitration currently have a outstanding judgement against Miller in the amount of $209,184, in the Supreme Court of the State of New York, County of New York.
In 12/2022 a customer of Joseph Stone Capital filed a FINRA arbitration against Jonathan Miller alleging suitability, churning, breach of fiduciary duty and punitive damages. The customer is seeking damages of $69,062 in this currently pending matter.
Firms Have a Duty to Supervise their Financial Advisors
Allegations of Broker Misconduct Against Jonathan Miller
Customers of Jonathan Miller have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Account Churning
- Fraud
- Breach of Fiduciary Duty
- Dishonest and Fraudulent Conduct
- Gross Negligence
- Manipulation
- Falsification
What is Excessive Trading (Churning)?
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
See this for our investigations of other VCS Venture Securities brokers
If you have suffered investment losses in an account handled by Jonathan 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.
