FINRA Bars Two Ohio Brokers

Posted on September 28th, 2016 at 10:58 AM
FINRA Bars Two Ohio Brokers

From the Desk of Jim Eccleston at Eccleston Law LLC:

FINRA has barred two brokers at Triad Advisors, LLC by the names of Douglas Scott Miller of Bowling Green, Ohio and Gary Lee Rathbun of Wauseon, Ohio.  Miller and Rathbun consented to FINRA sanctions without admitting or denying the findings.

FINRA alleged that Miller and Rathbun failed to affirmatively provide written notice or seek permission from Triad Advisors when they participated in the sale of investments in limited liability companies to 187 clients of the firm. The 187 clients collectively invested approximately $25.5 million in the limited liability companies.

FINRA also asserted that Miller and Rathbun failed disclose to their firm that they collectively received more than $600,000 in compensation from some of the limited liability companies for providing them with financial advice. Lastly, FINRA stated that the brokers failed to appropriately disclose investments they made personally or on behalf of family members to Triad Advisors in the limited liability companies.

(FINRA Case #2014041919401)

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, James Eccleston, Financial Counsel, Eccleston Law, Eccleston Law LLC, FINRA, Douglas Scott Miller, Gary Lee Rathbun, Triad Advisors, limited liabilities

Return to Archive

TESTIMONIALS

Previous
Next

If you find yourself in trouble with the regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.