Michael Scott Barrows, of Irvine, California, a stockbroker registered with Accelerated Capital Group, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $1,035,360.46 in compensatory damages because Barrows was held liable on the customer’s claims which included violation of federal securities…
Timothy Allen Thelen (also known as Tim Thelen) of Middletown, New Jersey, a stockbroker formerly registered with Accelerated Capital and Aeon Capital, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $1,500,000.00 in damages supported by accusations of negligence and breach of fiduciary duty relating to private placement…
Wayne Ivan Miiller of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer sought $13,204,427.00 in damages founded on allegations that unsuitable alternative investments were sold to the customer by an Accelerated Capital Group stockbroker under Miiller’s…
Aaron Paul Brodt of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $430,000.00 in damages based upon allegations of Brodt’s failure to undertake due diligence prior to recommending that the customer purchase direct investments including direct…
Wayne Ivan Miller of Scottsdale Arizona the former President of Accelerated Capital Group Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations of (1) a fiduciary duty to the customer being breached (2) negligence with regard to private placement transactions and (3) an…
Timothy Allen Thelen of Scottsdale Arizona a stockbroker formerly registered with Aeon Capital Inc. and Accelerated Capital Group is referenced in a customer initiated investment related arbitration claim where the customer requested $620,000.00 in damages founded on accusations that (1) private placement offerings were negligently recommended or sold by the stockbroker and (2) Thelen breached…
Accelerated Capital Group a brokerage firm headquartered in California has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that the firm’s brokers: (1) executed unauthorized trades in customer accounts (2) sold customers investments that were not suitable for them and (3) executed trades in customer accounts on an excessive…
Aaron Paul Brodt of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is the subject of a customer initiated investment related arbitration claim where the customer sought $340,000.00 in damages supported by allegations including (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty (4) negligence and (5) over-concentration of…
Accelerated Capital Group, Inc. a brokerage firm headquartered in Costa Mesa, California, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that the firm failed to supervise its trading activities. Department of Enforcement v. Accelerated Capital Group, Inc., Disciplinary Proceeding No. 2012033566205 (Dec. 13, 2017). According to the Complaint, between August…
Wayne Ivan Miiler, of Scottsdale, Arizona, president of Accelerated Capital Group Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to supervise the firm’s chief compliance officer and supervisor for stockbrokers located in…
Janet Lynn Ross, of Irvine, California, chief compliance officer of Accelerated Capital Group, Inc., has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Ross, inter alia, failed to supervise stockbrokers who made unsuitable, excessive and unauthorized…
Jeffrey Alan Smith, of Irvine, California, a stockbroker formerly registered with Accelerated Capital Group, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized altered and pre-signed customer documents to effect investment transactions in customer…
Bahram Mirhashemi, of Irvine, California, a stockbroker registered with Accelerated Capital Group, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had engaged in unauthorized and excessive trading, churning, and unsuitable recommendations. Letter of Acceptance, Waiver and Consent, No. 2012033566201 (Feb….