Former B. Riley Wealth Management Investment Advisors Accused of
Wrongdoing That Cost Investors Almost $4 Million.

Brian Michael Sterz (CRD# 5333667) was permitted to resign from B. Riely
Wealth Management in November of 2021 for failing to follow firm policies and
procedures. At least three customers have sued Sterz, B. Riley Wealth
Management, and Miracle Mile Advisors, LLC.

Customer Complaints Against Brian Michael Sterz, B. Riley Wealth
Management, and Miracle Mile Advisors, LLC
Around September of 2021, a customer filed a complaint alleging breach of
fiduciary duty and claimed losses of over $600,000.00 due to losses in three
investments: FNMA, FMCC, and FNMAT. In February of 2022, another customer
filed a complaint alleging that the customer accounts were overconcentrated in the
same FNMA, FMCC, and FNMAT investments that lost over $2,300,000.00.
Finally, in May of 2022, a third customer filed a complaint and alleged
overconcentration in the same three investment and claimed damages of
$1,000,000.00.
FNMA, FMCC, and FMAT Investments
FNMA – The Federal National Mortgage Association is a government-sponsored
company which engages in the provision of liquidity for purchases of homes and
financing of multifamily rental housing and refinancing existing mortgages.
FMCC – The Federal Home Loan Mortgage Corp. provides liquidity to the U.S.
Housing market by purchasing residential mortgage loans originated by lenders
and by investing in mortgage loans and mortgage-related securities.
FNMAT – The Federal National Mortgage Association provides a source of
financing for mortgages in the United States. It securitizes mortgage loans
originated by lenders into Fannie Mae mortgage-backed securities.
Have You Suffered Losses Caused by Brian Michael Sterz?
If you or someone you know lost money in FNMA, FMCC, or FMAT investments
recommended by Brian Michael Sterz, please call the Frankowski Firm at 888-
741-7503 to discuss your potential legal remedies.

Do You Have Questions About Recovering Your Financial Losses?
If you or someone you know lost money as an investor, please call the Frankowski
Firm at 888-741-7503 to discuss your potential legal remedies or complete
the contact form.