CHARLES K MILLER

CHARLES K MILLER is currently employed as a Broker and/or Investment Adviser at IDB CAPITAL CORP. located at 18851 NE 29TH AVENUE, SUITE 600, AVENTURA, FL, 33180.

CHARLES K MILLER has worked at IDB CAPITAL CORP. since September 27, 2010

Disclosure History

CHARLES K MILLER has 3 Disclosure Event(s).

Date: June 19, 2013
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES MISREPRESENTATION WITH RESPECT TO THE PURCHASE OF INSURANCE POLICIES IN OR AROUND 2004.
Damage Amount Requested: $164,158.80
Broker Comment: The claims against Wells Fargo Bank were dismissed by Plaintiff with prejudice.Erroneously, this complaint states "misrepresentation" and that the product was a "variable annuity". In reality, the product in question was a fixed annuity, and the complaint was not related to misrepresentation. The complaint was filed because the annuity issuer delayed the payment of principal and interest to the surviving joint owner after the other joint owner passed away.Due to this delay, the client's attorney filed a complaint in an attempt to expedite the process. This complaint was ultimately resolved to the client's satisfaction and he did not realize any loss in this investment; therefore, this case was dismissed.

Date: June 09, 2009
Category: Customer Dispute
Allegations: MISREPRESENTATION
Settlement Amount: $29,400,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHERE THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.Furthermore, Mr. Miller should not have been included in this complaint, as he was not the Financial Advisor for the client, and was not in any way shape or form involved in the investment solicitations, proposals, recommendations, or management of this client's investment account. Mr. Miller was simply the Private Banker for this client's banking relationship. In accordance with the bank's policy, all investment recommendations and transactions were facilitated through the client's dedicated Financial Advisor.In summarizing, Mr. Miller had no participation in this transaction or any securities transactions.

Date: August 21, 2002
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES THROUGH HER ATTORNEY ABOUT "UNSUITABLE INVESTMENTS RECOMMENDED TO HER BY CHALRES K. MILLER".
Damage Amount Requested: $60,000.00
Broker Comment: THIS ITEM IS NO LONGER REPORTABLEThis complaint was denied from Citicorp Investment Services legal counsel because the complaint was without merit. The investments in this client's account matched her risk profile which was determined at the time of account opening after completing a full Risk Tolerance Analysis. My recommendation to her even included keeping approximately 31% of this investment in an FDIC insured Money Market account, and diversify the balance between some mutual funds, for which she agreed. She also had prior investment experience, as she maintained an account with another firm for many years.The client only filed a complaint after seeing the value go down on her monthly statements. She did not sell the investments and did not realize any loss.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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