Wayne Miller (CRD #: 4813645), a broker registered with Aeon Capital Inc., has multiple pending client disputes, according to his BrokerCheck record, accessed on October 15, 2020. Two of these disputes concern unsuitable private placements. Mr. Miller’s record also has a number of settled client disputes and a regulatory action.
On September 25, 2020, a client alleged that Wayne Miller made unsuitable placements in alternative investments. Alternative investments are always riskier and are only suitable for clients with high risk tolerance. The client is seeking $13,204,247; the dispute is pending.
On November 25, 2019, a client alleged that Wayne Miller breached his fiduciary duty when he recommended private placement offerings. The dispute is pending.
On October 10, 2019, a client alleged that Mr. Miller breached his fiduciary duty when he purchased private placements. The client is seeking $620,000; the dispute is pending.
On August 15, 2018, a client alleged that Wayne Miller was negligent and over-concentrated certain securities in their portfolio. The client sought $340,000; the dispute was settled for $95,000.
On December 13, 2017, Wayne Miller entered into an Acceptance, Waiver, and Consent agreement with FINRA. FINRA alleged that when Mr. Miller was president of Accelerated Capital Group, he failed to reasonably supervise the Chief Compliance Officer. According to the AWC, the CCO indicated that she was having difficulties with her account surveillance tasks, and this was highlighted when a broker who was supposed to be under heightened supervision executed excessive and unauthorized transactions. Mr. Miller consented to a fine of $10,000 and a 6-month suspension. Accelerated Capital Group was expelled by FINRA on November 26, 2019. You can read a copy of the AWC here.
On June 7, 2016, a client alleged that Wayne Miller breached his fiduciary duty and violated federal securities laws as well as California Corporation Securities Laws. The client further alleged negligence and negligent supervision. The client sought $130,000; the dispute settled for $110,000.
On January 8, 2016, a client alleged that Wayne Miller engaged in unauthorized and excessive trades. The client sought $200,000; the dispute settled for $165,000.
Wayne Miller has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 6 Investment Company Products/ Variable Contracts Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in Arizona.
In his 12 years of experience, Wayne Miller has worked at the following firms:
- American Asset Advisory LLC (CRD #: 168444)
- Accelerated Capital Group (CRD #: 41270)
- Longview Financial Group, Inc (CRD #: 38286)
- USAA Investment Management Company (CRD #: 5475)
- Woodbury Financial Services (CRD #: 421)
If Wayne Miller was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.