Janney Montgomery Scott, ex-adviser to pay investors

Pittsburgh Post-Gazette

Staff Writer

Janney Montgomery Scott and Patricia S. Miller, a former investment adviser for the firm, have been ordered to pay $217,284 in damages to investors by the Financial Industry Regulatory Authority, or FINRA. The industry watchdog also ordered them to pay $92,623 in fees to O’Hara attorney Vicki Kuftic Horne, who represented the investors, as well as $10,282 in expert witness fees. The investors accused Ms. Miller of using money invested for their childrens’ education for her own personal use. Ms. Miller was sentenced to six years in prison last year after pleading guilty to wire fraud.