LAWRENCE CLAY MILLER is currently employed as a Broker and/or Investment Adviser at NBC SECURITIES, INC. located at 100 N GALWAY DRIVE, GRANVILLE, OH, 43023.
LAWRENCE CLAY MILLER has worked at NBC SECURITIES, INC. since June 20, 2014
LAWRENCE CLAY MILLER has 4 Disclosure Event(s).
Date: December 13, 2012 Category: Customer Dispute Allegations: IN PERIOD 2006-2012, CLAIMANTS ALLEGE EXCESSIVE TRADING ON MARGIN, UNAUTHORIZED TRADING AND UNSUITABLE RECOMMENDATIONS. Damage Amount Requested: $907,595.00 Settlement Amount: $235,000.00 Broker Comment: EXPUNGEMENT OF THIS MATTER FROM APPLICANT'S CRD IS BEING PURSUED, AFTER BEING AGREED TO BY CLAIMANTS.
Date: June 10, 2010 Category: Customer Dispute Allegations: A THIRD PARTY QUESTIONS THE SUITABILTY OF INVESTMENTS WHICH LOST VALUE IN THE MARKET OF 2008 AS WELL AS MARGIN DEBT ACCUMULATED BY THE CLIENT. Broker Comment: VERBAL COMPLAINT RECEIVED 4/10/10, 3RD PARTY AUTHORIZATION RECEIVED 6/10/10.
Date: October 21, 2002 Category: Customer Dispute Allegations: OHIO CLIENT COMPLAINS THAT ADVISOR DID NOT EXPLAIN THE CONSEQUENCES OF USING HER VARIABLE LIFE INSURANCE POLICY'S CASH VALUE TO PAY FOR HER PREMIUMS, WHICH, CLIENT CLAIMS, LED TO HER SURRENDERING THE POLICY. THE POLICY WAS PURCHASED IN JANUARY 1998. CLIENT SEEKS RETURN OF LOSSES AND SURRENDER CHARGES OF $4406.39, PLUS 10% INTEREST SINCE THE CONTRACT'S PURCHASE. AS SUCH, CLIENT'S CLAIM APPEARS TO BE APPROXIMATELY $6450.00 Damage Amount Requested: $6,451.40 Broker Comment: CLAIM DENIED. ADVISOR EXPLAINED TO CLIENT THE ADVERSE EFFECTS OF BORROWING AGAINST HER CASH VALUE TO PAY POLICY PREMIUMS. CLIENT ALSO RECEIVED AND SIGNED DISCLOSURE STATEMENTS CONTAINING SIMILAR WARNINGS.
Date: March 13, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT MR. MILLER MADE AN UNSUITABLE RECOMMENDATION OF MARVEL HOLDINGS AND SOLD CUSTOMER'S MARVEL WARRANTS WITHOUT AUTHORIZATION. CLIENT ALLEGES THAT HIS FORMER REGISTERED REP MADE AN UNSUITABLE RECOMMENDATION OF MARVEL HOLDINGS (HIGH YIELD BONDS) IN HIS ACCOUNT. CLIENT ALSO ALLEGES THAT THE REGISTERED REP SOLD HIS MARVEL WARRANTS WITHOUT HIS AUTHORIZATION. CLIENT ALLEGES THAT HE LOST APPROX. $22,000 FROM HIS MARVEL INVESTMENT. Damage Amount Requested: $22,000.00 Broker Comment: MR. MILLER HAS DENIED THE ALLEGATIONS.
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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.
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