Wayne I. Miller, of Scottsdale, Arizona, the president and chief executive officer of Accelerated Capital Group, have been named in a customer initiated investment related arbitration claim on September 15, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Miller failed to supervise sales of promissory notes issued via Aequitas Capital Management and affiliates.
Apparently, the promissory notes sales to the customer were effected by one of Accelerated Capital Group’s registered representatives. The customer also alleged that fiduciary duties to the customer breached, and the customer’s account was handled negligently and in violation of Arizona’s Securities Act.
FINRA Public Disclosure also reveals that on June 7, 2016, a customer filed an investment related arbitration claim involving Miller’s conduct as a control person, in which the customer requested $130,000.00 in damages based upon allegations of negligence, breach of fiduciary duty, violation of FINRA Rules 3110, 2111, 2120, and 1020, California Corporation Securities Laws, and Securities Exchange Act of 1934 Section 20.
Further, on January 8, 2016, another customer filed an investment related arbitration claim involving Miller’s actions, in which the customer requested $200,000.00 in damages based upon allegations that trades placed in the customer’s account were excessive and unauthorized.
Guiliano Law Group
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