Jonathan J. Miller of New York New York a stockbroker currently registered with Joseph Stone Capital LLC is the subject of a customer initiated investment related complaint which was settled on December 14, 2018 for $39,077.15 in damages based upon allegations of omissions or misrepresentations relating to the quantity of over-the-counter equities shares purchased for the customer’s account when Miller was associated with Joseph Stone Capital.
This is not the first time that Miller has been referenced in an investor’s dispute concerning accusations of his misconduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Miller has been identified in a customer initiated investment related arbitration claim where the customer was awarded $161,970.00 in compensatory damages and $20,000.00 in punitive damages founded on Miller and Legend Securities Inc. being found liable for causing the customer’s losses. FINRA Arbitration No. 16-00514 (Feb. 15, 2018). The Statement of Claim alleged that fraudulent conduct on the stockbroker’s part had resulted in the customer’s losses. A fiduciary duty which was owed to the customer by Miller had been breached. The customer’s account was churned and subject of manipulations by the stockbroker. The claim also alleged misrepresentation and gross negligence with regard to the customer’s securities transactions.
Miller has been registered with Joseph Stone Capital since July 15, 2016. Since April 8, 2010, he has been associated with four different securities broker dealers, two of which have been expelled by regulators for violation of federal securities laws or are otherwise defunct.
