Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Selwyn Miller (Miller), previously associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Miller recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on July 22, 2025.
The Statement of Claim, filed 1.5 years after the retirement of the Investment Professional, alleges improper and deceptive sales practices utilized by Respondents in the procurement, sale, approval, maintenance, and servicing of life insurance policies. The Claim further alleges that despite Claimant having no heirs, Claimant was sold eight life insurance policies by Respondent and that Respondent made misrepresentations and omissions in inducing Claimant to purchase the policies along with ongoing negligent maintenance of the policies, all of which caused Claimant to incur significant policy value reductions, excessive loan charges and other financial losses.