Advisor Alert: Our Attorneys Are Investigating David Bruce McMillen For Investment Fraud
Did You Lose Money Because of David McMillen?
Filed: March 11, 2024
David McMillen currently has one (1) pending customer complaint. Overall, he has been the subject of four (4) customer complaints and one (1) financial event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on David Bruce McMillen.
Who Is David Bruce McMillen of Crown Capital Securities, L.P.?
- Advisor Name: David Bruce McMillen
- Aliases: David McMillen
- CRD: 1198070
- Location: Boulder, Colorado
- Current Employer: Crown Capital Securities, L.P.
- Previous Firms: Multi-Financial Securities Corporation and Sunamerica Securities, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Financial Events: 1
- Can David McMillen Be Sued: Yes, in Private Arbitration
- Can David McMillen’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $20,000,000
- Highest Settlement: $1,500,000
If you have suffered investment losses by David McMillen, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against David McMillen For Broker Misconduct
As of this publication date, David McMillen has been the subject of 4 customer disputes and 1 financial event. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to David McMillen by a customer of Crown Capital Securities, L.P. alleging lack of suitability, breach of fiduciary duty, and negligence related to the purchase of alternative investments. Per the customer, he/she lost over $125,000 because of Mr. McMillen’s actions. As of this publication date, this claim remains pending.
In March 2018, a FINRA arbitration was filed against or in reference to David McMillen by a customer of Crown Capital Securities, L.P. alleging that investment products sold to her were not suitable and have limited liquidity. Per the customer, she lost over $5,000 because of Mr. McMillen’s actions. On March 22, 2019, Mr. McMillen settled the claim for $250,000, and some or all of this amount may have been paid by Mr. McMillen’s employer and/or insurance carrier.
In December 2017, a FINRA arbitration was filed against or in reference to David McMillen by a customer of Crown Capital Securities, L.P. alleging that their investments cannot be liquidated or their value cannot be ascertained and as a result unable to ascertain their financial position. Per the customer, he/she lost over $20,000,000 because of Mr. McMillen’s actions. On April 9, 2019, Mr. McMillen settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. McMillen’s employer and/or insurance carrier.
In October 2015, JPMCB reported that Mr. McMillen had outstanding debt totaling $202,376. Mr. McMillen settled this matter in the amount of $131,443.80.
In July 2005, a FINRA arbitration was filed against or in reference to David McMillen by a customer of Crown Capital Securities, L.P. alleging that Mr. McMillen failed to follow instructions in a timely manner. Per the customer, he/she lost over $20,000 because of Mr. McMillen’s actions.
How To File A Claim Against David McMillen of Crown Capital Securities, L.P. (previously with Multi-Financial Securities Corporation and Sunamerica Securities, Inc.) To Get Your Money Back
If you have questions about David McMillen, Crown Capital Securities, L.P., Multi-Financial Securities Corporation, Sunamerica Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.