DAVID JONATHAN MILLER (DAVID J MILLER) has been registered both as an investment advisor and as a broker with RBC CAPITAL MARKETS, LLC of Huntington, West Virginia, since 3/13/2009.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, DAVID J MILLER has 31 years of experience in the securities industry and has been listed with 2 firms. DAVID J MILLER has 6 disclosures on his FINRA CRD report. All 6 disclosures are “Customer Disputes.” The significance of Miller’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, DAVID J MILLER’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
There is a pending “Customer Dispute” filed against DAVID J MILLER dated 3/24/2025. The allegations are, “Claimants contend that, after June 2020, Respondent made recommendations regarding a fixed income investment strategy that did not comply with SEC's Regulation Best Interest.” The damage amount requested is $2,500,000.00.
On June 5, 2019, the Securities and Exchange Commission (SEC) adopted Regulation Best Interest (Reg BI), according to the SEC’s website. Reg BI established a new standard of conduct under the Securities Exchange Act of 1934 for broker/dealers and associated persons of a broker/dealer when making a recommendation of any securities transaction or investment strategy involving securities (including account recommendations) to a retail customer. When making a recommendation to a retail customer, the broker/dealer must act in the best interest of the retail customer at the time the recommendation is made, without placing their financial or other interest ahead of the retail customer’s interests.
According to FINRA’s BrokerCheck, of DAVID J MILLER’s 6 “Customer Complaints,” 1 is pending, 1 was closed with no action, 2 were denied, 2 were settled, one settlement amount was $24,000.00, and the other award was $35,000.00.
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