The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Douglas Miller (CRD #1946240) regarding unsuitable investments. According to public records, there have been 3 recent allegations against Douglas Miller in regards to breach of fiduciary duty, misrepresentation, and selling unapproved investments. This broker was also with Triad Advisors from 2005 – 2014.
Douglas Miller has 3 customer disputes as of May 2022
Claim 1: March 2022
Allegations: Claimants allege breach of fiduciary duty, negligence, misrepresentation and unsuitable investments with regard to the sale of alternative investments.
Damage Amount Requested: $2,500,000.00
Claim 2: January 2022
Allegations: The claimant alleges selling away.
Damage Amount Requested: $1,500,000.00
Claim 3: January 2022
Allegations: The sale of an unapproved investment.
Damage Amount Requested: $1,000,000.00
If you were a client of Douglas Miller and Kalos Capital and lost money in your account, we are interested in discussing a potential claim with you. Brokerage firms like Kalos Capital have a responsibility to supervise all representatives who are registered through their firm. (See our video “Warning signs of a bad financial advisor”). Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. The brokerage firm is not only legally responsible for the acts of its agents, like Douglas Miller, Kalos Capital may also be liable for investment losses sustained by customers for a failure to supervise. The Securities Lawyers at Halling & Cayo, S.C. have recovered millions of dollars for investors across the country. (See our video “Do I need a lawyer for my FINRA Arbitration?”). Reviewing FINRA’s Broker Check, there have been 3 complaints against Douglas Miller and Kalos Capital.
Despite some volatility surrounding Covid, the S&P 500 has gained an average of more than 19% annual returns since 2019 and yet some investors, put into overly risky trading strategies, often despite promises of guaranteed returns, have lost significant sums. The Securities Lawyers are looking to bring claims on behalf of individual(s) and/or a group of investors for recovery of their funds. Most customers will have signed a FINRA arbitration agreement to resolve disputes, including claims for reimbursement of these types of investment losses. As the SEC reminds investors, it can be important to find an attorney that “specializes in resolving securities complaints.”
If you were a customer of Douglas Miller and Kalos Capital and suffered investment losses, please contact the Securities Lawyers. We only get paid if we recover your money. Your claim may be subject to a time limit or statute of limitations, so contact an attorney right away.
Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.
He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.