Wayne Ivan Miiller Allegedly Engaged in Negligence, Over-concentration, Breach of Fiduciary Duty, Breach of Contract, & Material Misrepresentation & Omissions
Wayne Miiller allegedly engaged in acts of negligence, over-concentration, breach of fiduciary duty, breach of contract, material misrepresentation and omissions and failure to supervise, all according to a customer complaint disclosed in publicly available records maintained by the Financial Industry Regulatory Authority (FINRA).
The investor rights lawyers at Goldman Scarlato & Penny law firm are investigating Mr. Miiller’s conduct to determine whether any investors may have claims for alleged acts of negligence, over-concentration, breach of fiduciary duty. Investors may contact investor rights attorney Alan Rosca to provide information or inquire about their legal options.
Wayne Miiller has worked for 10 years in the securities industry at 5 firms and has 3 settled customer disputes, as well as a regulatory action and a financial action, FINRA notes. The most recent customer complaints were filed on August 15, 2018 and June 7, 2016, and sought damages of $340,000.00 and $130,000.00, respectively.
Wayne Miiller Fined $10,000 by FINRA for Alleged Failure to Reasonably Supervise the Firm’s Chief Compliance Officer (CCO)
Wayne Miiller, without admitting or denying the findings, consented to FINRA sanctions and to the entry of findings that as his member firm’s president, he allegedly 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, FINRA notes.
Miiller was fined $10,000 by FINRA, FINRA states, and was also suspended for six months.
The claim filed on August 15, 2018 alleges negligence, over-concentration, breach of fiduciary duty, breach of contract, material misrepresentation and omissions and failure to supervise, has requested $340,000.00 in damages, FINRA states.
Miiller has worked for Aeon Capital, Inc. in Scottsdale, Arizona since February 13, 2018, and also worked at Accelerated Capital Group in Scottsdale, Arizona from April 13, 2010 until February 2, 2018, FINRA notes.
Brokerage firms such as Aeon Capital, Inc. have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Wayne Miiller’s alleged acts of negligence, over-concentration, breach of fiduciary duty, breach of contract, material misrepresentation and omissions and failure to supervise. The firm takes most cases of this type on a contingency fee basis and advance 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, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to securities class actions.
If you or a loved one or a friend has lost money investing with Wayne Miiller, you may contact attorney Alan Rosca or his colleagues for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.