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 supervision.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Miiller has been identified in five more customer initiated investment related disputes concerning accusations of Miiller’s misconduct during the period that he was registered with Accelerated Capital Group. On February 1, 2016, a customer initiated investment related FINRA securities arbitration claim involving Miiller’s activities was settled for $165,000.00 in damages based upon allegations of excessive and unauthorized trading of stocks in the customer’s Accelerated Capital Group account resulting in damages. FINRA Arbitration No. 15-03471.

Miiller is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $110,000.00 in damages supported by accusations including the violation of Securities Exchange Act of 1934, California securities laws and FINRA rules. FINRA Arbitration No. 16-01433 (May 8, 2017). According to the claim, the stockbroker under Miiller’s supervision breached a fiduciary duty. The claim alleges negligent supervision by Miiller.

Another customer initiated investment related FINRA securities arbitration claim concerning Miiller’s conduct was settled for $95,000.00 in damages founded on allegations of breach of contract and breach of fiduciary duty as it pertained to alternative investments sold to the customer when Miiller was associated with Accelerated Capital Group. FINRA Arbitration No. 17-01178 (Aug. 15, 2018). The claim alleges negligence and the failure to supervise the customer’s account transactions. According to the claim, misrepresentations and omissions had been made concerning alternative investments.

On October 10, 2019, another customer filed an investment related FINRA securities arbitration claim regarding Miiller’s conduct in which the customer requested $620,000.00 in damages based upon accusations of negligence in regard to private placement transactions made between 2016 and 2018 through Accelerated Capital Group and Aeon Capital Group. FINRA Arbitration No. 19-03043. The claim alleges a breach of fiduciary duty by the stockbroker.

Miiller is also referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages supported by allegations that bad private placement offerings resulted in damages to the customer. FINRA Arbitration No. 19-02876 (Nov. 25, 2019). Accusations include negligence, breach of contract and breach of fiduciary duty.

FINRA Public Disclosure additionally confirms that Miiller has been fined $10,000.00 and suspended for six months from associating with any FINRA member in any principal capacity founded on findings that he failed to supervise a stockbroker resulting in them making unsuitable, excessive and unauthorized transactions in Accelerated Capital Group customer accounts. Letter of Acceptance Waiver and Consent No. 2012033566204 (Dec. 13, 2017). Miiller was advised by his Chief Compliance Officer about a stockbroker’s problematic trading. Miiller failed to reasonably address the problem. He also failed to take appropriate actions to ensure suitability of transactions after learning that the Chief Compliance Officer was unable to perform all of their duties.

Miiller was registered with Accelerated Capital Group between April 13, 2010 and February 2, 2018. He was registered with Aeon Capital Inc. between February 13, 2018 and March 19, 2021.

Tags: , ,

Comments are closed.