Category Archives: Accelerated Capital Group

Wayne I. Miller-Former Accelerated Capital Group Broker-Discloses Numerous Customer Suits-Scottsdale, AZ

May 2018-Scottsdale, AZ

The FINRA records of  Wayne I. Miller ,  a  stockbroker who formerly worked for Accelerated Capital Group disclose a pending regulatory suspension, a pending customer dispute and 2 prior customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In January 2018, Miller was suspended by FINRA  from acting in a principal capacity for six months (1/02/2018-7/1/2018) and fined $10,000 to resolve allegations that he failed to reasonably supervise the chief compliance officer of his former firm, Accelerated Capital Group. As a result of his failed oversight a broker excessively traded mutual funds and made unauthorized trades.

In FINRA case 16-1433, Miller was named as a control person. The customer of Accelerated Capital Group alleged breach of finduciary duty, violation of California securities laws and other claims and sought damages of $130,000. The case was settled for $110,000.

In FINRA Case 15-3471, Miller was named as a control person of Accelerated Capital Group. The customer alleged unauthorized trading and excessive trading (churning) and sought damages of $200,000. The case was settled for $165,000.

In pending FINRA Case 17-01178 a customer of Accelerated Capital Group alleges over concentration, misrepresentation, failure to supervise and other claims and seeks damages of $340,000.

Wayne Miller was employed by Accelerated Capital Group from 4/2010-2/2018. He is currently employed by AEON Capital in Scottsdale.

If you have losses in an account in an account handled by Wayne Miller , call for a no charge consultation with an experienced securities attorney to learn how you may be able to recover damages.

Accelerated Capital Group Regulatory Issue

Accelerated Capital Group is headquartered in Costa Mesa, CA. The firm has been a FINRA member since March 1997 and has about 35 brokers in 6 branch offices, the largest of which are located in Irvine, CA, and Scottsdale, AZ.

In a currently pending FINRA regulatory matter, regulators allege that Accelerated Capital Group failed to properly monitor, through their written supervisory procedures (WSPs) and supervisory system, mutual fund switches and exchanges and failed to respond to red flags of broker misconduct.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Aaron Brodt-Former Accelerated Capital Group Broker-Subject of Customer Suits Alleging Unsuitable Investments-Scottsdale, AZ

March 2018-Scottsdale, AZ

The FINRA records of Aaron Paul Brodt  , an advisor with Ashton Thomas Private Wealth who is currently a registered stockbroker with  Peachcap (Peachtree Capital Corp.)  disclose a currently pending customer dispute and 3 prior final customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA case #16-2532,  a client alleged damages of $100,000 for recommending a debt-asset backed investment purchased in May 2015. The customer alleged the recommendation was unsuitable. That case settled for $58,333.

In a second similar case in 2016 , a customer alleged that  Brodt recommended a debt-asset backed investment  in May and October of 2015 that was also unsuitable. That case was settled for $116,667.

In the currently pending matter, FINRA Case 17-1178, a customer of Brodt’s prior employer, Accelerated Capital Group alleges negligence, over concentration, breach of fiduciary duty and failure to supervise in connection with the recommendation to purchase alternative investments. The customer seeks damages of $340,000.

Alternative investments include non publicly traded real estate investment trusts (REITS)  and limited partnerships (oil and gas and equipment leasing) . It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, non transparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed. They are generally not suitable for retirees who are seeking to protect from the loss of capital.

Brodt has been registered with Peachcap since 7/2016. Prior to that he was registered with Accelerated Capital Group 2/2012-5/2016.

If you have questions about an account handled by Aaron Brodt, call for a no charge consultation to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Aaron Brodt-Former Accelerated Capital Group Broker-Discloses Pending Customer Disputes

MARCH 2018 UPDATEFollow this link for update.

Original Post-July 2016

The FINRA records of Aaron Paul Brodt  , an advisor with Ashton Thomas Private Wealth who is currently registered with  Peachtree Capital Corporation  disclose 2 currently pending customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In one case,  a client alleges damages of $100,000 for recommending an unsuitable investment purchased in May 2015. In a second case disclosed by Brodt, clients allege Brodt recommended an unsuitable investment with they purchased in May and October of 2015 and seek damages of $200,000.

Brodt has been registered with Peachtree Capital Corporation since 7/2016. Prior to that he was registered with Accelerated Capital Group from 2/2012-5/2016. Before that Brodt was registered with Meridian United Capital.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Wayne I. Miller-CEO of Accelerated Capital Group-Named in Customer Arbitrations

SEE THIS for May 2018 UPDATE. 

ORIGINAL POST-July 2016

The FINRA records of Wayne I. Miller  , who is employed by Accelerated Capital Group as president and CEO disclose two pending customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In  currently pending FINRA Case 16-1433 a customer alleges damages of $130,000 for negligence, breach of fiduciary duty, violation of securities laws, control person liability and failure to supervise.

In  currently pending FINRA Case 15-3471 a customer alleges damages of $200,000 for unauthorized trading and excessive trading.

Miller  has been employed by  Accelerated Capital Group since 4/2010. Prior to that he was employed by Longview Financial Group. FINRA cancelled Longview Financial Group’s license in August 2010.

Investors suffering losses due to the negligence or fraud of a broker employed by Accelerated Capital Group may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Bahram Mirhashemi-Former Accelerated Capital Group Broker-Discharged & Barred from Securities Industry

July 2016

The FINRA records of Bahram Mirhashemi  , a stock broker who formerly was employed by Accelerated Capital Group  disclose 2 prior final regulatory events,  a currently pending regulatory event, 5 currently  pending customer disputes, a prior final customer dispute, two terminations from employment, a currently pending financial matter and 4 currently outstanding judgements/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

 

Mirhashemi was permanently barred from the securities industry in 2/20. He agreed to the sanction and to the entry of findings that he placed trades in the accounts of customers for which he rarely obtained authority from the customer prior to executing the trade and that he churned accounts.

The five pending customer arbitrations against Mirhashemi seek total damages in excess of $500,000 and are based on claims of excessive trading, churning, misrepresentation, elder financial abuse, unauthorized trading and other claims.

Mirhashemi was discharged by Accelerated Capital Group in January 2016 after the firm received a Wells Notice from FINRA enforcement for violating FINRA rules by making unauthorized and unsuitable trades in customer accounts.

Mirhashemi was employed by  Accelerated Capital Group  from 9/2012-1/2016. Prior to that he was employed by Ameriprise Financial Services.

Investors suffering losses in an account handled by Mirhashemi at Accelerated Capital Group or Ameriprise Financial Services may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870