Did you lose money investing with Peachcap Securities, Inc. broker David Miller (CRD# 4648882)? Miller has been registered with Peachcap Securities, Inc. in Atlanta, Georgia since 2015.
Miller has been the subject of 12 customer complaints between 2018 and 2020, one of which was denied, according to his CRD report:
February 2020. “Customer alleges sales practice violations, including unsuitable investment, failure to diversify, and misrepresentation and omissions, in relation to their managed account from October 2015 to December 2016.” The customer is seeking $22,009.49 in damages and the case is currently pending. The complaint was regarding managed accounts.
January 2020. “Customers allege multiple sales practice violations, including unsuitable investment, failure to diversify, and misrepresentation and omissions, in relation to their managed accounts from October 2015 to January 2017.” The customer is seeking $49,954 in damages and the case is currently pending. The complaint was regarding managed accounts.
January 2020. “Claimant alleges sales practice violations related to mismanagement of their accounts from October 2015 to early 2017.” The customer is seeking $49,551 in damages and the case is currently pending. The complaint was regarding managed accounts.
December 2019. “Claimant alleges sales practice violations related to mismanagement of her accounts from October 2015 to early 2017.” The customer is seeking $27,936.14 in damages and the case is currently pending. The complaint was regarding managed accounts.
October 2019. “Claimant alleges sales practice violations related to mismanagement of her accounts from October 2015 to October 2016.” The customer is seeking $43,541 in damages and the case is currently pending. The complaint was regarding managed accounts.
August 2019. “Customer was unhappy with investment performance. Firm and Rep vigorously deny liability to these claims.” The customer is seeking $1.2 million in damages and the case is currently pending. The complaint was regarding direct investments.
June 2019. “Customer was unhappy with the performance of his investment with an affiliated firm. Rep & Firm vigorously deny any liability to these claims.” The customer is seeking $662,663 in damages and the case is currently pending. The complaint was regarding direct investments and real estate securities.
June 2019. “Customer was unhappy with the performance of his investment with an affiliated firm. Rep & Firm vigorously deny any liability to these claims and made a business decision to come to a settlement to avoid costs and distractions of litigated proceedings. Activity occurred from 2016 to 2018.” The customer sought $150,000 in damages and the case was settled for $50,000. The complaint was regarding direct investments.
May 2019. “Customer was unhappy with the performance of his investment with an affiliated firm. Rep & Firm vigorously deny any liability to these claims.” The customer is seeking $465,000 in damages and the case is currently pending. The complaint was regarding direct investments and real estate securities.
April 2019. “Customer was unhappy with the performance of their investment with an affiliated firm. Rep & Firm vigorously deny any liability to these claims and made a business decision to come to a settlement to avoid costs and distractions of litigated proceedings.” The case was settled for $315,000. The complaint was regarding direct investments and real estate securities.
December 2018. “Customer was unhappy with the performance of his investment with an affiliated firm. Rep & Firm vigorously deny any liability to these claims and made a business decision to come to a settlement to avoid costs and distractions of litigated proceedings.” The case was settled for
$100,000. The complaint was regarding direct investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Peachcap Securities, Inc. may be liable for investment or other losses suffered by Miller’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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