Financial Advisor and PeachCap Securities Registered Broker David Miller Faces Sales Practice Violations and Account Mismanagement Allegations
David Miller, a registered broker and investment adviser in Atlanta, Georgia, is the subject of multiple pending customer disputes instituted against him on the allegations of sales practice violations and account mismanagement according to an investigation by investment attorney Alan Rosca. Investors who are concerned about investments with Peachcap Securities broker David Miller are encouraged to call 888-998-0530, email arosca@rscounsel.law, or leave a message through the contact form on this page for a free consultation about their case.
Attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating conduct related to the various pending customer disputes against David Miller on the allegations of multiple sales practice violations and client account mismanagement.
David H. Miller is currently registered with the Georgia broker dealer, Peachcap Securities, Inc. Peachcap Securities is a member firm of the Financial Industry Regulatory Authority (FINRA) and David Miller was in the employment of the firm when he allegedly committed the acts alleged in the customer disputes.
David Harrison Miller is the Subject of Multiple Customer Disputes
As of the date of this article, David Miller has been the subject of 14 customer disputes, all filed between the period of December 2018 and July 2020. Miller’s customers made allegation of sales practice violations, including unsuitable investments, misrepresentations, omissions, unauthorized trading, and failure to diversify, according to Miller’s FINRA Brokercheck page under review by the Rosca Scarlato attorneys.
Pending Customer Disputes Against David Miller Allege Unsuitability and Mismanagement of Account
According to the latest customer dispute, filed with FINRA in July, 2020, Peachcap Securities broker David Miller is accused of making unsuitable investments and misrepresentations and omissions. The alleged damages for the aforementioned misconduct are over $34,000, and as of the date of this article the dispute shows as pending.
Another customer, who also filed the dispute with FINRA in July 2020, made allegations of unsuitability involving alternative investments. According to Miller‘s brokercheck, the employing firm when the alleged misconduct occurred were Investacorp and Peachcap Securities. The customer seeks unspecified damages, and as of the date of this article the dispute shows as pending.
In May 2020, another Miller customer filed a FINRA arbitration on the allegation of the violation of sales practices including unsuitable investments, misrepresentation and omission of material facts and unauthorized trading on the client’s account. The client seeks to recover damages to the tune of $48,496.70. Earlier same month, another client made similar claims and allegations in a separate FINRA case, and according to Miller‘s brokercheck, the customer is seeking to recover $48,993 in damages. As of the date of this article, both disputes show as pending.
On an account allegedly managed by David Harrison Miller between October 2015 and December 2016, a client is alleging sales practice violations including unsuitable investments and failure to diversify their investments in a dispute instituted in February 2020. The client is seeking to recover $22,009.49 in damages from this dispute. In a similar dispute instituted in December 2019, the client alleged that the sales practice violation was carried out on their account between the period of October 2015 to early 2017. The client seeks to get damages to the tune of $49,551. Another client seeks to recover $27,936.14 in damages on the same allegations on their accounts within the same period mentioned previously, in a customer dispute initiated in December 2019. In October 2019, another client alleged that the broker mismanaged their accounts between the period of October 2015 and October 2016 and is seeking $43,541 in damages. As of the date of this article, all disputes reported above show as pending.
Do you believe you have been a victim of broker misconduct carried out by David Miller? Discuss you case with an experienced attorney. Call 888-998-0530, email arosca@rscounsel.law, or leave a message on this page for a free evaluation of potential recovery options.
Over $1 M in Settlements Were Paid To Customers of Peachcap Securities Broker David Miller
In the face of the multiple pending customer disputes, investment adviser David Harrison Miller settled a customer dispute filed with FINRA in December 2018. The customer, unhappy with the performance of his investment, requested unspecified damages, and accepted a settlement of $100,000. In April 2019, an identical customer dispute filed with FINRA settled for $315,000, which was the exact amount of the alleged damages.
Shortly after, in June 2019, another customer complained about the performance of his investment and requested $150,000 in damages. This dispute settled for $50,000. Then in August 2019, a fourth customer alleged that the investment did not perform as expected and thus, they were unhappy with it. The client sought to recover $1,200,000 in damages, but accepted a settlement of $550,000.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Lost Money With David Miller and Peachcap Securities? Investor Lawyers Might Be Able To Help
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating conducts related to broker David Harrison Miller’s pending customer disputes on the allegations of multiple violations of sales practice and account mismanagement. The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients.
Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of conducts related to broker David Miller’s pending customer disputes on the allegations of multiple violations of sales practice and account mismanagement, may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
