Rathbun and Miller— Sale of Investments to Clients

investment fraud attorneysGary Lee Rathbun and Douglas Scott Miller Allegedly Participated in the Sale of Investments Adding up to Approximately $25.5 Million in six related LLCs to Clients of Their Registered Investment Adviser, Private Wealth Consultants, Ltd. (PWC) of Toledo, Ohio

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), according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Gary Lee Rathbun and Douglas Scott Miller allegedly sold approximately $25.5 million of investments in the LLCs to approximately 300 accounts tied to 187 unique clients, 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.

Gary Lee Rathbun and Douglas Scott Miller Allegedly Sold $3.3 Million of Investments to 25 PWC Customers Who Were also Customers of Their Broker-Dealer, Triad Advisors, Inc.

Rathbun and Miller’s aforementioned sales included approximately $3.3 million to 25 PWC customers who were also customers of their broker-dealer, Triad Advisors, Inc., according to the aforementioned Complaint being examined by attorneys Joe Peiffer and Alan Rosca.

Rathbun and Miller disclosed the ownership of PWC to their BD but failed to provide written notice of their participation in these sales of private securities investments, the AWC reports.

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 888-998-0520.

Alan Rosca (1169 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.