Steven Gregory Millin is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 68 NORTH MAIN STREET, FOND DU LAC, WI, 54935.
Steven Gregory Millin has worked at EDWARD JONES since March 20, 1986
Disclosure History
Steven Gregory Millin has 2 Disclosure Event(s).
Date: January 18, 2008 Category: Customer Dispute Allegations: CLIENTS CLAIM THEY CONTACTED THE FA AND LEFT A MESSAGE WITH HIM ON 12/31/07 IN WHICH THEY STATED THEY WANTED TO ASK A QUESTION ABOUT SOME MFS FUNDS AND SELL AMERICAN FUNDS IN THE SEP AND IRA OF [CUSTOMER]. CLIENT CLAIMS THE FA DID RETURN THE CALL AND PROVIDED THE MFS INFORMATION HOWEVER DID NOT INQUIRE INTO THE SELL OF THE FUNDS. AS A RESULT, THE FUNDS WERE NOT SOLD AS THEY CLIENT BELIEVED THEY HAD BEEN RESULTING IN A LOSS. CLAIM EXCEEDS $5,000.*****ARBITRATION: REQUEST TO RECOVER DAMAGES FOR BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, AND FAILURE TO EXECUTE TRADES RELATING TO FA'S ALLEGED FAILURE TO SELL VARIOUS MUTUAL FUNDS WHEN REQUESTED ON 12/31. (AMOUNT CLAIMED: $11,000). Damage Amount Requested: $5,000.00 Settlement Amount: $6,549.42 Broker Comment: IN THE PROCESS OF OBTAINING INFORMATION TO REVIEW THE COMPLAINT AN ARBITRATION WAS FILED BY THE CLIENTS. AS A RESULT, THIS MATTER HAS BEEN TURNED OVER TO OUR LEGAL DEPARTMENT FOR RESOLUTION.***********ARBITRATION RESOLUTION: SETTLED FOR $6,549.42
Date: July 25, 2003 Category: Customer Dispute Allegations: THE CLIENT STATES HE HAS LOST APPROXIMATELY $57,000 IN HIS ACCOUNTS IN THE LAST THREE YEARS. CLIENT STATES THE BIGGEST PROBLEM WITH THE FIRM AND IR IS THAT THEY DON'T KNOW THE "MEANING OF THE WORD SELL." CLIENT STATES HE HOLDS IR RESPONSIBLE FOR LOSSES IN HIS ACCOUNT AS WELL AS HIS WIFE'S SAVINGS PLAN. CLIENT STATES HIS BIGGEST MISTAKE WAS INVESTING THROUGH IR'S OFFICE. Damage Amount Requested: $57,000.00 Broker Comment: ACCORDING TO IR, WHEN THE ACCOUNTS WERE ESTABLISHED THE CLIENT STATED HIS OBJECTIVE WAS GROWTH. IR INDICATED HIS RECOMMENDATIONS WERE BASED ON THE CLIENT'S OBJECTIVES AND RISK TOLERANCE. IT IS UNDERSTOOD IR EXPLAINED THE FIRM'S INVESTMENT PHILOSOPHY OF BUYING AND HOLDING QUALITY INVESTMENTS FOR THE LONG TERM. IN REVIEWING OUR RECORDS, IT APPEARS THE ACCOUNTS WERE TRANSFERRED TO ANOTHER FIRM IN JANUARY 2003. IR HAS STATED, PRIOR TO THE TRANSFER, THE CLIENT HAD NOT INFORMED IR OF CLIENT'S CONCERNS RELATING TO THE PERFORMANCE OF THE ACCOUNTS. BASED ON OUR REVIEW, IT DOES NOT APPEAR THE INVESTMENTS PREVIOUSLY HELD IN THE ACCOUNTS WERE OUTSIDE THE SCOPE OF THE INVESTMENT OBJECTIVES OF THE ACCOUNTS. EXPLAINED THE DECLINE IN THE VALUE OF THE INVESTMENTS IS THE RESULT OF MARKET FLUCTUATION WHICH IS A RISK ASSOCIATED WITH INVESTING. CLAIM DENIED.
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