Wayne Miller (CRD#: 4813645), a broker with Aeon Capital Inc. (CRD#: 164004) in Scottsdale, Arizona, is currently involved in two pending customer disputes over private placements, according to his BrokerCheck record accessed on January 3, 2020. What happened to lead to these two recent customer disputes over private placement offerings?
On October 10, 2019, Wayne Miller became involved in a customer dispute in which clients alleged that he engaged in “breach of fiduciary duty and negligence in reference to private placement offerings purchased.” The alleged conduct allegedly took place between 2016 and March 2018. The clients are seeking $620,000 in damages.
On November 25, 2019, Wayne Miller became involved in a customer dispute in which a client alleged that he engaged in “breach of fiduciary duty, negligence, breach of contract in private placement offerings purchased in 2013 and early 2014.” The customer complaint against Wayne Miller is currently pending.
These two recent customer complaints are far from the only disclosures on Wayne Miller’s BrokerCheck record.
On August 15, 2018, a customer alleged that Wayne Miller engaged in “negligence, over-concentration, breach of fiduciary duty, breach of contract, material misrepresentation and omissions and failure to supervise.” The customer sought $340,000 in damages; the matter was settled for $95,000.
On December 13, 2017, Wayne Miller entered into an Acceptance, Waiver, and Consent (AWC) with FINRA, the Financial Industry Regulatory Authority, in which he consented to a suspension from January 2, 2018 to July 1, 2018. According to his BrokerCheck record, “Without admitting or denying the findings, Miller consented to the sanctions and to the entry of findings that as his member firm’s president, he failed to reasonably supervise the firm’s chief compliance officer (CCO) and direct supervisor for all registered representatives at a branch office of his firm.” An AWC is an agreement between a broker and FINRA in which the broker accepts the allegations against them without admitting or denying them, waives their right to a hearing, and consents to sanctions (in this case, a six-month suspension from the securities industry). For more information about AWCs, see our article “What is FINRA AWC?” A copy of Wayne Miller’s AWC can be viewed here.
On June 6, 2016, a customer named Wayne Miller, in his capacity as control person at Accelerated Capital Group, in a complaint alleging breach of fiduciary duty and violations of securities laws by another registered representative. The complaint settled in May 2017 for $110,000.
On January 8, 2016, a customer named Wayne Miller, in his capacity as control person at Accelerated Capital Group, in a complaint alleging unauthorized and excessive trading by another representative. The complaint settled for $165,000.
Wayne Miller has spent 11 years in the securities industry, and over that time he has worked for five brokerage firms. In addition to his current position with Aeon Capital Inc. (CRD#: 164004) in Scottsdale, Arizona, he has also worked for the following four broker-dealers:
- Accelerated Capital Group (CRD#: 41270) in Scottsdale, Arizona
- Longview Financial Group, Inc. (CRD#: 38286) in Scottsdale, Arizona
- USAA Investment Management Company (CRD#: 5475) in San Antonio, Texas
- Woodbury Financial Services, Inc. (CRD#: 421) in Oakdale, Minnesota
Wayne Miller’s BrokerCheck record identifies him as a current broker and a “previously registered investment advisor.” If Wayne Miller was your broker and you have concerns about your investments, don’t hesitate to contact a securities attorney to learn more about your options for recovery. Contact the securities attorneys of Fitapelli Kurta at 877-238-4175 or firstname.lastname@example.org for your free case consultation.