FINRA banished a former advisor with First Tennessee Bank for failing to cooperate with an investigation into allegations that he stole money from retail bank customers.
Kenneth Lynn Miller, a dual employee of First Tennessee Bank and FTB Advisors, refused to provide the regulator with the documents and information it requested, an act that automatically results in a bar.
His BrokerCheck report notes that he was fired for allegedly diverting $950,000 from customer funds for his own personal use. The misconduct occurred from November 2015 to February 2016, according to the report.
Miller joined FTB Advisors in Memphis, Tenn., in May 2000 and was discharged in February 2016, FINRA said.
Miller's attorney, Johnathan Minga of law firm Herndon, Coleman, Brading & McKee in Johnson City, Tenn., declined to comment on the case.
Miller could not be reached for comment. In his settlement with FINRA, Miller neither admitted nor denied the charges but consented to an entry of FINRA's findings.
First Tennessee Bank did not return an email seeking comment.