06 Jun Rathbun and Miller— Sale of Investments to Clients
Gary Lee Rathbun and Douglas Scott Miller Allegedly Failed to Disclose So-called Monitoring Fees Regarding the Sale of Investments to Clients of Their Registered Investment Adviser, Private Wealth Consultants, Ltd. (PWC) and Their Broker-dealer, Triad Advisors
Gary Lee Rathbun and Douglas Scott Miller allegedly participated in the sale of investments in six related LLCs to clients of their registered investment adviser, Private Wealth Consultants, Ltd. (PWC), but failed to disclose said sales to Triad Advisors, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.
Furthermore, the AWC alleges that Rathbun and Miller allegedly failed to disclose said sales to Triad Advisors and also alleges that they purportedly charged said LLCs $500 per hour to “monitor” their customers’ investments in these LLCs, the AWC reports.
The Peiffer Rosca Wolf securities lawyers are currently investigating Gary Lee Rathbun and Douglas Scott Miller’s alleged sale of investments to clients of their broker-dealer.
Rathbun and Miller Allegedly Received $600,000 for a “Monitoring” Arrangement with LLC’s; Rathbun and Miller Barred by FINRA
Gary Lee Rathbun and Douglas Scott Miller allegedly charged the aforementioned LLCs $500 per hour to “monitor” their customers’ investments in these LLCs and were paid $600,000 for this “monitoring” arrangement, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and Alan Rosca.
Gary Rathbun was a financial advisor and registered representative of Triad Advisors from October 2009 to July 2014 while Douglas Scott Miller was affiliated with Triad Advisors from August 2005 to July 2014, with both men working at a branch office in Toledo, Ohio, the AWC notes.
By reason of the foregoing conduct, Gary Lee Rathbun and Douglas Scott Miller have been barred by FINRA, the AWC reports. One should also note that, according to the AWC, Gary Lee Rathbun and Douglas Scott Miller neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment sales to broker clients and are currently investigating Rathbun and Miller’s alleged participation in the sale of investments to PWC and Triad clients. They take most cases of this type on a contingency fee basis and advance the case costs, and only g Rathbun and Miller’s et paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Rathbun and Miller’s alleged participation in the sale of investments to PWC and Triad clients are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.