arbitration notice

Dennis Shane McMillan (also known as Shane McMillan) of Englewood, Colorado, a stockbroker currently registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,000.00 in damages based upon accusations that McMillan provided unsuitable investment advice to the customer between 2016 and 2018 in connection with the sale of alternative investments and variable annuities while McMillan was registered with Arete Wealth Management. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00254 (February 4, 2022).

McMillan has been identified in two additional customer initiated investment related disputes concerning his activities. FINRA Public Disclosure shows that a Cambridge Investment Research Inc. customer filed an investment related complaint regarding McMillan’s conduct where the customer sought compensatory damages because McMillan allegedly extended an annuity policy instead of making a rollover of a death benefit.

McMillan is also referenced in a FINRA securities arbitration claim which was settled for $80,000.00 in damages because of alleged unsuitable recommendations in connection with the sale of alternative investments between November 2016 and June 2017, when McMillan was associated with Arete Wealth Management.

McMillan has been registered with Arete Wealth Management as a stockbroker since January 25, 2016. He has been registered with Arete Wealth Advisors LLC as an investment adviser representative since May 18, 2018.