According to a recent Decision by the Financial Industry Regulatory Authority (FINRA), Aon D. Miller, a former broker with Benjamin F. Edwards & Company (BFE), allegedly participated in five private securities transactions without providing the required written notice to his member firm. BFE terminated Mr. Miller in October 2012. Miller was alleged to have participated in “five private securities transactions involving three separate issuers in which four customers collectively invested $1,550,000, without Miller providing written notice to the firm.” This is against securities laws and internal firm rules and the hearing panel ruled that Miller engaged in this misconduct. This is commonly referred to as “selling away” in the securities industry.
Per Aon Miller’s FINRA BrokerCheck report online, he was previously registered with A.G. Edwards & Sons in Chattanooga, Tennessee from August 1998 until January 2008, Wells Fargo in Chattanooga from January 2008 until July 2011, Benjamin F. Edwards & Company in Chattanooga from July 2011 until October 2012, and Purshe Kaplan Sterling Investments in Chattanooga from November 2012 until April 2013. He has one customer dispute against him alleging misrepresentation, one regulatory matter, one financial matter, and one criminal matter. He is not currently registered as a broker within the industry.
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