Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker David Bruce McMillen [CRD: 1198070, Boulder, Colorado], given the disclosures on FINRA BrokerCheck. Evidently, McMillen joined Crown Capital Securities LP on January 2, 2003. During his employment, clients filed complaints about his sales practices. Continue reading to uncover more details about those disputes and the potential implications for affected investors.
Specifically, on April 3, 2023, a Crown Capital Securities LP client filed FINRA Arbitration: 23-00698 about David McMillen. Supposedly, McMillen breached his fiduciary duty, made unsuitable recommendations, and was negligent related to the purchase of alternative investments. Because of this, the investor apparently experienced damages on non-traded BDCs, direct investments, and non-traded REITs. As a result, the client requested $125,000 in compensation from Crown Capital Securities LP or McMillen. Evidently, this arbitration is pending a resolution.
Particularly, a client of Crown Capital Securities LP contested David McMillen’s sales practices by filing FINRA Arbitration: 18-00929. Allegedly, McMillen made unsuitable recommendations and sold products with limited liquidity. It appears that McMillen caused the client to sustain damages on direct investments and equipment leasing products. For this reason, Crown Capital Securities LP opted to settle the matter on March 22, 2019, by compensating the client in the amount of $250,000.
Additionally, a Crown Capital Securities LP client filed FINRA Arbitration: 18-00722 about David McMillen. Supposedly, McMillen recommended investments in oil and gas and other products that could not be valued or liquidated, making it difficult to ascertain their financial position. Therefore, on February 23, 2018, Crown Capital Securities LP settled this matter by paying the client $1,500,000 in damages.
A Crown Capital Securities LP investor accused David McMillen of not following instructions in a timely manner. Namely, on July 19, 2005, the client lodged a complaint asserting that McMillen did not act as directed regarding variable annuities. However, this complaint was denied on August 16, 2005.
Did you experience losses because of David McMillen? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about potentially recovering your investment losses. Soreide Law Group has a track record of helping investors across the United States in recovering losses, and the firm is ready to help you as well.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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