DID DAVID BRUCE MCMILLEN CAUSE YOU INVESTMENT LOSSES?
David McMillen Of Crown Capital Securities, L.P. Has 4 Customer Complaints For Alleged Broker Misconduct
Who is David McMillen of Crown Capital Securities, L.P.?
David McMillen (CRD #1198070) who is currently registered as a broker and investment adviser with Crown Capitol Securities, L.P. and located in Boulder, Colorado is a subject of one of our many securities industry sales practice abuse investigations. Prior to Crown Capital Securities, David McMillen was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
David McMillen’s Customer Complaints
David McMillen has been the subject of 4 customer complaints that we know about seeking to recover investment losses. Two of those customer complaints were settled by Crown Capital Securities in favor of the investors for the advisors alleged misconduct. The brokerage paid $1.5 million and $250,000 to the 2 investors. One of the other two customer complaints was denied and the other is still pending before FINRA arbitrators against Crown Capital Securities for David McMillen’s alleged misconduct.
Allegations Against David McMillen
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Lack of suitability, breach of fiduciary duty and negligence related to the purchase of alternative investments.
- Failure to follow customers instructions in a timely manner.
- Illiquidity of investments.
- Unsuitable investment recommendations for illiquid investment.
David McMillen Red Flags & Your Rights As An Investor
Of course, David McMillen did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David McMillen at Crown Capitol Securities, L.P. on alert to review carefully the activity and performance of their accounts and question whether David McMillen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Crown Capitol Securities, L.P. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Crown Capitol Securities, L.P. Due To David McMillen
If you have questions about Crown Capitol Securities, L.P. and/or David McMillen and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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