Rathbun and Miller— Sale of Investments to Clients
Gary 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.