Joshua Zev Miller Suspended by FINRA for 12 Months for Check-Kiting Scam

Joshua Zev Miller (CRD#: 5446289) was associated with USAA Financial Advisors in Phoenix, AZ  from 2008 to 2017. In 2018, he was briefly employed at Raymond James Associates in Memphis, TN.

Mr. Miller was terminated by USAA Financial Advisors after allegations that he engaged in suspicious transactions in his personal bank account.

In January of 2019, FINRA announced that this broker was being fined $7,500 and suspended for 12 months for a check-kiting scheme  (Letters of Acceptance, Waiver and Consent No. 2017055772801).

Suspended Broker: Joshua Zev Miller

From October 2015 to August 2017, FINRA contends that Joshua Zev Miller engaged in a check-kiting scheme. During this time, he deposited 35 checks, worth more than $37,000, into his personal account. However, investigators believe that he was fully aware that all of these checks had previously been cashed. As a result, these checks were initially honored by the bank and credited to his account, but were eventually reversed.

Under FINRA Rule 2010, all registered representatives are required to uphold high standards of integrity and to observe just principles of trade. The check-kiting scheme engaged in by this broker is a direct violation of this rule. Without admitting to or denying check-kiting, Joshua Zev Miller consented to FINRA’s conclusions and its proposed penalties, including a $7,500 fine and a one-year suspension from the securities industry. His suspension runs until February 3rd, 2020.

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