Cara Michelle Miller (also known as Cara Michelle Smith), of Rapid City, South Dakota, a stockbroker registered with ProEquities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $300,000.00 in damages based upon the alleged unsuitable investment recommendation of oil and gas investments during the time that Miller was associated with ProEquities Inc. FINRA Arbitration No. 24-00378 (July 30, 2024).
This is not the first time that Miller has been the subject of a customer dispute concerning Miller’s conduct in the securities industry. FINRA Public Disclosure additionally shows that on September 23, 2020, a customer initiated investment related FINRA securities arbitration claim involving Miller’s conduct was settled for $22,500.00 in damages based upon alleged failure to perform due diligence in connection with the sale of oil and gas investments when Miller was associated with ProEquities Inc. FINRA Arbitration No. 20-01552.
On June 1, 2023, a customer initiated investment related FINRA securities arbitration claim involving Miller’s conduct was settled for $208,698.31 in damages based upon alleged unsuitable recommendations of oil and gas investments (Atlas Growth Partners LP) during the time that Miller was associated with Concourse Financial Group Securities Inc. FINRA Arbitration No. 22-01583.
Miller is also referenced in a FINRA securities arbitration claim that was settled for $420,000.00 in damages based upon alleged unsuitable investment recommendations of real estate securities and oil and gas securities when Miller was associated with Concourse Financial Group Securities Inc. FINRA Arbitration No. 23-01202 (December 18, 2023).
Miller was associated with ProEquities Inc. in Rapid City, South Dakota, from May 15, 2006, to September 11, 2020.
